Cineplex (TSE:CGX) Price Target Cut to C$11.00 by Analysts at Canaccord Genuity Group

Cineplex (TSE:CGX) had its target price cut by Canaccord Genuity Group from C$14.00 to C$11.00 in a report issued on Thursday morning,BayStreet.CA reports.

Separately, National Bankshares dropped their price objective on Cineplex from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$18.64.

Cineplex Price Performance

TSE:CGX opened at C$8.65 on Thursday. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$13.09. The company has a market cap of C$546.26 million, a P/E ratio of -14.55, a P/E/G ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43. The stock’s 50-day simple moving average is C$10.16 and its 200 day simple moving average is C$10.80.

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.