Cineplex (TSE:CGX) Price Target Raised to C$14.00

Cineplex (TSE:CGX) had its price objective boosted by National Bank Financial from C$13.50 to C$14.00 in a research note released on Wednesday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

A number of other research firms have also issued reports on CGX. TD Securities upgraded shares of Cineplex to a “strong-buy” rating in a report on Friday, July 24th. Canaccord Genuity Group upped their price target on shares of Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$13.83.

Cineplex Trading Down 0.2%

Shares of CGX opened at C$12.65 on Wednesday. The business’s 50-day moving average price is C$11.95 and its 200 day moving average price is C$11.04. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of -1,865.57. The stock has a market capitalization of C$796.99 million, a P/E ratio of -35.14, a P/E/G ratio of 0.30 and a beta of 0.36. Cineplex has a 1-year low of C$9.15 and a 1-year high of C$13.28.

Cineplex (TSE:CGX) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.12 EPS for the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. The company had revenue of C$383.72 million during the quarter. Analysts expect that Cineplex will post 1.0754912 earnings per share for the current 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.