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

Shares of Cineplex Inc. (TSE:CGX) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$18.71.

Several brokerages recently weighed in on CGX. TD Securities increased their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Friday, August 16th. Scotiabank raised their price target on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Desjardins upped their price objective on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada reduced their target price on Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Finally, Canaccord Genuity Group lowered their price target on Cineplex from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th.

Cineplex Stock Performance

Cineplex stock opened at C$10.95 on Friday. The company has a market cap of C$697.30 million, a PE ratio of -9.78, a PEG ratio of 0.30 and a beta of 2.74. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$11.01. The company’s 50-day moving average is C$9.20 and its two-hundred day moving average is C$8.34.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.