Cineplex (TSE:CGX) Sets New 52-Week High – Should You Buy?

Cineplex Inc. (TSE:CGX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$13.38 and last traded at C$12.83, with a volume of 197935 shares changing hands. The stock had previously closed at C$12.74.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, September 15th. Scotiabank boosted their price target on shares of Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 12th. TD Securities upgraded shares of Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. Finally, National Bank Financial increased their price objective on shares of Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Cineplex presently has a consensus rating of “Buy” and a consensus target price of C$14.00.

Cineplex Trading Up 0.1%

The firm has a market cap of C$803.29 million, a P/E ratio of -63.75, a P/E/G ratio of 0.30 and a beta of 0.20. The stock has a 50 day simple moving average of C$12.32 and a 200-day simple moving average of C$11.51. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of -1,865.57.

Cineplex (TSE:CGX) last posted its earnings results on Tuesday, August 11th. The company reported C$0.12 EPS for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%.The firm had revenue of C$383.72 million during the quarter. On average, equities research analysts expect that Cineplex Inc. will post 1.0754912 EPS for the current fiscal 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.