Cineplex Inc. (TSE:CGX) Receives Consensus Rating of “Buy” from Analysts

Cineplex Inc. (TSE:CGXGet Rating) has been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$17.81.

A number of equities analysts recently weighed in on the company. Canaccord Genuity Group increased their price target on Cineplex from C$17.00 to C$18.00 in a research report on Monday, May 16th. Royal Bank of Canada set a C$15.00 price target on Cineplex and gave the company a “sector perform” rating in a research report on Monday, February 14th.

Shares of Cineplex stock opened at C$12.53 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.25 and a debt-to-equity ratio of 7,933.30. The firm has a market cap of C$793.70 million and a price-to-earnings ratio of -3.94. The business has a fifty day simple moving average of C$12.87 and a 200-day simple moving average of C$12.97. Cineplex has a fifty-two week low of C$10.93 and a fifty-two week high of C$16.76.

Cineplex (TSE:CGXGet Rating) last announced its quarterly earnings data on Friday, May 13th. The company reported C($0.67) earnings per share for the quarter. The firm had revenue of C$228.72 million during the quarter, compared to analyst estimates of C$195.30 million. Analysts anticipate that Cineplex will post 1.067358 earnings per share for the current fiscal 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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