Cineplex Inc. (TSE:CGX) Receives C$12.88 Average Target Price from Brokerages

Cineplex Inc. (TSE:CGX) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$12.88.

A number of brokerages recently commented on CGX. Canaccord Genuity Group lowered their price objective on Cineplex from C$13.75 to C$13.00 and set a “buy” rating for the company in a research report on Friday, February 9th. National Bankshares lowered their price objective on Cineplex from C$13.50 to C$12.50 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. Royal Bank of Canada lowered their price objective on Cineplex from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. Scotiabank lifted their price objective on Cineplex from C$11.00 to C$11.25 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Finally, BMO Capital Markets raised their target price on Cineplex from C$11.50 to C$12.50 and gave the stock a “market perform” rating in a report on Wednesday, March 6th.

Insiders Place Their Bets

In other Cineplex news, Senior Officer Gordon Nelson acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of C$7.47 per share, for a total transaction of C$74,700.00. In other Cineplex news, Senior Officer Gordon Nelson acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of C$7.47 per share, for a total transaction of C$74,700.00. Also, Senior Officer Kevin David Watts bought 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of C$7.92 per share, for a total transaction of C$25,344.00. Over the last quarter, insiders have purchased 14,500 shares of company stock worth $109,911. Insiders own 1.52% of the company’s stock.

Cineplex Stock Performance

Shares of TSE:CGX opened at C$8.39 on Monday. The business has a fifty day moving average of C$7.73 and a 200-day moving average of C$8.17. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.22 and a current ratio of 0.55. The firm has a market cap of C$534.28 million, a PE ratio of 4.66, a price-to-earnings-growth ratio of 0.30 and a beta of 2.88. Cineplex has a twelve month low of C$7.14 and a twelve month high of C$10.26.

Cineplex (TSE:CGX) last announced its quarterly earnings data on Thursday, February 8th. The company reported C($0.19) EPS for the quarter. The company had revenue of C$315.08 million during the quarter, compared to analysts’ expectations of C$359.50 million. On average, equities research analysts predict that Cineplex will post 0.5121951 EPS for the current fiscal year.

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.