Cineplex (TSE:CGX) Stock Price Target Raised at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price target lifted by investment analysts at Canaccord Genuity Group from C$12.25 to C$14.00 in a research report issued on Monday, BayStreet reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group‘s price objective would suggest a potential downside of 3.18% from the company’s previous close.

CGX has been the subject of several other reports. Scotiabank boosted their price target on Cineplex from C$12.00 to C$13.50 and gave the company a “sector outperform” rating in a research note on Wednesday, August 12th. RBC Dominion Securities lifted their price target on shares of Cineplex from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Royal Bank Of Canada boosted their price target on Cineplex from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, September 15th. TD Securities upgraded Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. Finally, National Bank Financial increased their price target on Cineplex from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$15.08.

Cineplex Stock Performance

Shares of CGX stock traded up C$0.21 during midday trading on Monday, hitting C$14.46. 463,437 shares of the company were exchanged, compared to its average volume of 321,573. The firm has a market capitalization of C$911.02 million, a P/E ratio of -72.30, a PEG ratio of 0.30 and a beta of 0.15. The company has a debt-to-equity ratio of -1,865.57, a quick ratio of 0.22 and a current ratio of 0.44. The firm’s 50 day moving average price is C$12.64 and its two-hundred day moving average price is C$11.49. Cineplex has a 52 week low of C$9.15 and a 52 week high of C$14.54.

Cineplex (TSE:CGX) last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.34 EPS for the quarter. The business had revenue of C$440.20 million for the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. As a group, equities research analysts anticipate that Cineplex will post 1.08 earnings per share for the current year.

About Cineplex

Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).