National Bankshares Has Lowered Expectations for Cineplex (TSE:CGX) Stock Price

Cineplex (TSE:CGX) had its price objective lowered by National Bankshares from C$15.00 to C$13.50 in a report published on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Separately, Canaccord Genuity Group boosted their target price on Cineplex from C$12.50 to C$14.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$19.07.

Cineplex Trading Down 7.0 %

TSE:CGX traded down C$0.65 during trading hours on Wednesday, hitting C$8.70. The stock had a trading volume of 231,125 shares, compared to its average volume of 282,714. The business’s 50 day moving average is C$10.20 and its 200-day moving average is C$10.82. The company has a market cap of C$549.42 million, a price-to-earnings ratio of -14.64, a P/E/G ratio of 0.30 and a beta of 2.74. Cineplex has a one year low of C$7.10 and a one year high of C$13.09. 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.

Cineplex Company Profile

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.