Cineplex (CGX) Given a C$34.00 Price Target by Raymond James Analysts

Cineplex (TSE:CGX) received a C$34.00 price target from equities researchers at Raymond James in a report released on Monday. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 27.96% from the company’s current price.

A number of other research analysts have also issued reports on CGX. CIBC decreased their target price on shares of Cineplex from C$36.00 to C$33.00 in a research report on Thursday, November 15th. National Bank Financial lifted their target price on shares of Cineplex from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 16th. Finally, Royal Bank of Canada reduced their price target on shares of Cineplex from C$39.00 to C$36.00 and set an “outperform” rating for the company in a report on Thursday, November 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cineplex has an average rating of “Buy” and a consensus target price of C$33.88.

CGX traded down C$0.64 on Monday, reaching C$26.57. The company had a trading volume of 170,753 shares, compared to its average volume of 230,476. Cineplex has a fifty-two week low of C$22.88 and a fifty-two week high of C$36.65. The firm has a market cap of $1.72 billion and a P/E ratio of 21.43. The company has a debt-to-equity ratio of 91.04, a quick ratio of 0.28 and a current ratio of 0.40.

Cineplex (TSE:CGX) last announced its quarterly earnings results on Wednesday, November 14th. The company reported C$0.16 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.30 by C($0.14). The company had revenue of C$386.72 million for the quarter, compared to analyst estimates of C$405.60 million. As a group, equities analysts forecast that Cineplex will post 1.42000004182622 earnings per share for the current year.

In other Cineplex news, insider Daniel F. Mcgrath acquired 4,000 shares of Cineplex stock in a transaction dated Tuesday, November 27th. The stock was purchased at an average cost of C$25.65 per share, for a total transaction of C$102,600.00.

Cineplex Company Profile

Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.

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Analyst Recommendations for Cineplex (TSE:CGX)

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