Cineplex (TSE:CGX) Price Target Raised to C$12.00 at Scotiabank

Cineplex (TSE:CGX) had its price target raised by Scotiabank from C$10.00 to C$12.00 in a report released on Monday, MarketBeat Ratings reports. Scotiabank currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the company. Royal Bank of Canada lowered their price target on Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Desjardins boosted their price objective on Cineplex from C$52.00 to C$53.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Finally, Canaccord Genuity Group lowered their price objective on Cineplex from C$12.50 to C$12.00 and set a buy rating on the stock in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$18.43.

Cineplex Stock Performance

Shares of TSE:CGX opened at C$10.44 on Monday. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.41 and a quick ratio of 0.22. The business’s 50 day moving average price is C$8.47 and its 200-day moving average price is C$8.15. The firm has a market capitalization of C$664.82 million, a PE ratio of -9.32, a P/E/G ratio of 0.30 and a beta of 2.74. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$10.49.

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.