Cineplex (TSE:CGX) had its target price lowered by TD Securities from C$35.00 to C$33.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CGX has been the topic of several other reports. Raymond James set a C$31.00 price objective on Cineplex and gave the company an outperform rating in a research report on Tuesday, April 9th. BMO Capital Markets dropped their price objective on Cineplex from C$32.00 to C$30.00 and set a market perform rating on the stock in a research report on Tuesday, February 19th. National Bank Financial dropped their price objective on Cineplex from C$28.00 to C$27.00 and set a sector perform rating on the stock in a research report on Wednesday, April 3rd. Finally, Echelon Wealth Partners reissued a buy rating on shares of Cineplex in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of C$30.93.

Cineplex stock opened at C$25.30 on Monday. The company has a debt-to-equity ratio of 318.99, a quick ratio of 0.27 and a current ratio of 0.37. Cineplex has a one year low of C$22.88 and a one year high of C$36.65. The firm has a market cap of $1.60 billion and a P/E ratio of 29.15.

Cineplex (TSE:CGX) last released its quarterly earnings data on Friday, February 15th. The company reported C$0.43 EPS for the quarter, missing the consensus estimate of C$0.51 by C($0.08). The company had revenue of C$428.18 million during the quarter, compared to the consensus estimate of C$425.40 million. As a group, equities analysts anticipate that Cineplex will post 0.90000002458057 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, April 30th will be given a $0.145 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.74 annualized dividend and a yield of 6.88%. Cineplex’s payout ratio is 199.88%.

Cineplex Company Profile

Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.

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Analyst Recommendations for Cineplex (TSE:CGX)

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