Royal Bank of Canada Lowers Cineplex (TSE:CGX) Price Target to C$14.00

Cineplex (TSE:CGXFree Report) had its target price reduced by Royal Bank of Canada from C$15.00 to C$14.00 in a report published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

CGX has been the topic of a number of other reports. National Bankshares decreased their target price on Cineplex from C$13.50 to C$12.50 and set an outperform rating on the stock in a research report on Tuesday, January 16th. Scotiabank reduced their price objective on Cineplex from C$11.75 to C$11.00 and set an outperform rating on the stock in a research report on Thursday, February 1st. Canaccord Genuity Group reduced their price objective on Cineplex from C$13.75 to C$13.00 and set a buy rating on the stock in a research report on Friday. TD Securities upped their target price on Cineplex from C$13.00 to C$14.00 and gave the company a buy rating in a research note on Friday, November 24th. Finally, BMO Capital Markets dropped their target price on Cineplex from C$12.50 to C$11.50 and set a market perform rating for the company in a research note on Thursday, November 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Cineplex currently has an average rating of Moderate Buy and a consensus target price of C$12.67.

Get Our Latest Report on Cineplex

Cineplex Stock Down 0.4 %

CGX opened at C$7.87 on Friday. The business’s fifty day moving average is C$8.20 and its two-hundred day moving average is C$8.50. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.22 and a current ratio of 0.38. The company has a market cap of C$498.80 million, a price-to-earnings ratio of 3.42, a PEG ratio of 0.30 and a beta of 2.86. Cineplex has a one year low of C$7.38 and a one year high of C$10.26.

Cineplex Company Profile

(Get Free Report)

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through four segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location-Based Entertainment. The company engages in theatre exhibition and theatre food service activities.

Further Reading

Analyst Recommendations for Cineplex (TSE:CGX)

Receive News & Ratings for Cineplex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex and related companies with MarketBeat.com's FREE daily email newsletter.