Cineplex (TSE:CGX) Given New C$14.00 Price Target at Royal Bank Of Canada

Cineplex (TSE:CGX) had its target price hoisted by research analysts at Royal Bank Of Canada from C$13.00 to C$14.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 13.09% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a report on Tuesday, May 12th. National Bank Financial increased their price target on shares of Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, TD Securities upgraded shares of Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$13.83.

Cineplex Price Performance

CGX traded up C$0.42 during trading on Wednesday, reaching C$12.38. 458,878 shares of the stock were exchanged, compared to its average volume of 279,713. The business’s 50 day moving average price is C$11.87 and its two-hundred day moving average price is C$10.99. The company has a debt-to-equity ratio of -1,703.50, a current ratio of 0.37 and a quick ratio of 0.22. The company has a market capitalization of C$779.98 million, a price-to-earnings ratio of -34.39, a P/E/G ratio of 0.30 and a beta of 0.36. Cineplex has a 1 year low of C$9.15 and a 1 year high of C$13.28.

Cineplex (TSE:CGX) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%.The business had revenue of C$383.72 million during the quarter. As a group, equities research analysts anticipate that Cineplex will post 1.0754912 earnings per share for the current year.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.