Cineplex Inc. (TSE:CGX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cineplex Inc. (TSE:CGX) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$12.88.

A number of equities research analysts have recently issued reports on CGX shares. Scotiabank upped their target price on shares of Cineplex from C$11.00 to C$11.25 and gave the company an “outperform” rating in a research note on Friday, March 8th. Royal Bank of Canada lowered their price target on Cineplex from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Friday, February 9th. BMO Capital Markets raised their price objective on Cineplex from C$11.50 to C$12.50 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. Canaccord Genuity Group dropped their target price on shares of Cineplex from C$13.75 to C$13.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Finally, National Bankshares decreased their price target on shares of Cineplex from C$13.50 to C$12.50 and set an “outperform” rating for the company in a report on Tuesday, January 16th.

Insiders Place Their Bets

In other Cineplex news, Senior Officer Kevin David Watts acquired 3,200 shares of Cineplex stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of C$7.92 per share, for a total transaction of C$25,344.00. In related news, Senior Officer Gordon Nelson purchased 10,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average cost of C$7.47 per share, for a total transaction of C$74,700.00. Also, Senior Officer Kevin David Watts acquired 3,200 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of C$7.92 per share, with a total value of C$25,344.00. In the last 90 days, insiders bought 14,500 shares of company stock worth $109,911. Insiders own 1.52% of the company’s stock.

Cineplex Stock Up 6.1 %

Shares of TSE CGX opened at C$8.87 on Monday. The firm has a market cap of C$564.84 million, a price-to-earnings ratio of 4.93, a PEG ratio of 0.30 and a beta of 2.88. Cineplex has a 1 year low of C$7.14 and a 1 year high of C$10.26. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.22 and a current ratio of 0.55. The stock’s 50-day simple moving average is C$7.75 and its 200-day simple moving average is C$8.16.

Cineplex (TSE:CGX) last released its earnings results on Thursday, February 8th. The company reported C($0.19) EPS for the quarter. The firm had revenue of C$315.08 million during the quarter, compared to the consensus estimate of C$359.50 million. As a group, equities analysts anticipate that Cineplex will post 0.5121951 earnings per share for the current fiscal year.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.