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

Shares of Cineplex Inc. (TSE:CGXGet Rating) have earned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$17.81.

Separately, Canaccord Genuity Group lifted their target price on Cineplex from C$17.00 to C$18.00 in a report on Monday, May 16th.

TSE CGX opened at C$11.31 on Wednesday. The company has a market cap of C$716.51 million and a price-to-earnings ratio of -3.56. Cineplex has a twelve month low of C$10.35 and a twelve month high of C$16.39. The business’s fifty day moving average is C$12.43 and its 200 day moving average is C$12.84. 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.

Cineplex (TSE:CGXGet Rating) last announced its earnings results on Friday, May 13th. The company reported C($0.67) EPS for the quarter. The business had revenue of C$228.72 million during the quarter, compared to analysts’ expectations of C$195.30 million. On average, research analysts anticipate that Cineplex will post 1.07 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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