Cineplex Inc. (TSE:CGX) Receives Average Recommendation of “Buy” from Brokerages

Cineplex Inc. (TSE:CGXGet Rating) has been given an average rating of “Buy” by the nine research firms that are covering the firm, reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$17.06.

CGX has been the topic of a number of research analyst reports. Royal Bank of Canada set a C$15.00 price target on shares of Cineplex and gave the company a “sector perform” rating in a report on Monday, February 14th. Canaccord Genuity Group decreased their price target on shares of Cineplex from C$19.00 to C$17.00 in a report on Monday, February 14th.

TSE CGX traded up C$0.02 during mid-day trading on Tuesday, reaching C$12.92. 44,337 shares of the stock were exchanged, compared to its average volume of 401,686. Cineplex has a 1-year low of C$10.93 and a 1-year high of C$16.76. The business’s fifty day simple moving average is C$13.16 and its 200 day simple moving average is C$13.21. The stock has a market capitalization of C$818.40 million and a PE ratio of -3.27. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.20 and a current ratio of 0.26.

Cineplex (TSE:CGXGet Rating) last announced its earnings results on Friday, February 11th. The company reported C($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.20) by C($0.09). The company had revenue of C$299.95 million for the quarter, compared to analysts’ expectations of C$258.30 million. On average, analysts anticipate that Cineplex will post 1.03 EPS for the current year.

Cineplex Company Profile (Get Rating)

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through four segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location-Based Entertainment. The company engages in theatre exhibition and theatre food service activities.

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Analyst Recommendations for Cineplex (TSE:CGX)

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