Cineplex (TSE:CGX) Given New C$15.00 Price Target at Royal Bank Of Canada

Cineplex (TSE:CGX) had its price target lifted by stock analysts at Royal Bank Of Canada from C$14.00 to C$15.00 in a note issued to investors on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 19.52% from the stock’s current price.

Several other research firms also recently commented on CGX. Scotiabank boosted their price objective on Cineplex from C$12.00 to C$13.50 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. National Bank Financial raised their price target on shares of Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, TD Securities upgraded Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cineplex currently has a consensus rating of “Buy” and an average price target of C$14.00.

Cineplex Price Performance

Shares of TSE CGX traded up C$0.11 during midday trading on Tuesday, reaching C$12.55. 259,442 shares of the company were exchanged, compared to its average volume of 292,559. The stock’s 50-day moving average price is C$12.20 and its 200-day moving average price is C$11.42. The stock has a market cap of C$790.69 million, a P/E ratio of -62.75, a PEG ratio of 0.30 and a beta of 0.20. 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 has a one year low of C$9.15 and a one year high of C$13.28.

Cineplex (TSE:CGX) last issued its earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$383.72 million during the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. On average, sell-side analysts anticipate that Cineplex will post 1.0754912 earnings per share for the current fiscal year.

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. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.