Cineplex (TSE:CGX) Price Target Raised to C$16.00

Cineplex (TSE:CGX) had its price objective lifted by RBC Dominion Securities from C$15.00 to C$16.00 in a report issued on Wednesday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently issued reports on the company. National Bank Financial boosted their price target on Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Royal Bank Of Canada increased their price objective on Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, September 15th. Canaccord Genuity Group lifted their price objective on Cineplex from C$11.50 to C$12.25 and gave the stock a “hold” rating in a research report on Monday, October 19th. TD Securities upgraded Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. Finally, Scotiabank boosted their target price on Cineplex from C$12.00 to C$13.50 and gave the company a “sector outperform” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$14.46.

Cineplex Price Performance

Shares of Cineplex stock opened at C$12.99 on Wednesday. The company’s fifty day simple moving average is C$12.54 and its two-hundred day simple moving average is C$11.41. Cineplex has a 12-month low of C$9.15 and a 12-month high of C$13.38. The firm has a market cap of C$818.41 million, a PE ratio of -64.95, a price-to-earnings-growth ratio of 0.30 and a beta of 0.35. The company has a quick ratio of 0.22, a current ratio of 0.44 and a debt-to-equity ratio of -1,865.57.

Cineplex (TSE:CGX) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.12 EPS for the quarter. The firm had revenue of C$383.72 million during the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. As a group, equities analysts expect that Cineplex will post 1.08 EPS for the current year.

Cineplex Company Profile

Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).