Cineplex Inc. (TSE:CGX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Cineplex Inc. (TSE:CGX) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$18.64.

Several research analysts have commented on CGX shares. Canaccord Genuity Group reduced their price objective on Cineplex from C$12.00 to C$11.50 in a report on Wednesday, September 25th. Royal Bank of Canada decreased their price objective on Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. TD Securities upped their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Scotiabank raised their target price on shares of Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Desjardins upped their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

Cineplex Trading Down 2.6 %

TSE CGX opened at C$10.53 on Wednesday. The stock has a market cap of C$670.55 million, a PE ratio of -9.40, a PEG ratio of 0.30 and a beta of 2.75. Cineplex has a 12 month low of C$7.10 and a 12 month high of C$11.16. The company’s 50-day moving average price is C$10.21 and its 200-day moving average price is C$8.77. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69.

Cineplex (TSE:CGX) last issued its earnings results on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The business had revenue of C$277.34 million for the quarter, compared to analyst estimates of C$283.90 million. Equities research analysts forecast that Cineplex will post 1.0749251 earnings per share for the current year.

Cineplex Company Profile

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.