National Bankshares Issues Pessimistic Forecast for Cineplex (TSE:CGX) Stock Price

Cineplex (TSE:CGX) had its price objective lowered by analysts at National Bankshares from C$15.00 to C$13.50 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 56.07% from the stock’s current price.

Separately, Canaccord Genuity Group upped their price target on shares of Cineplex from C$12.50 to C$14.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$18.64.

Cineplex Stock Down 7.5 %

CGX stock opened at C$8.65 on Wednesday. The stock has a market capitalization of C$546.26 million, a PE ratio of -14.55, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The company has a fifty day moving average of C$10.16 and a 200-day moving average of C$10.80. 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 has a one year low of C$7.10 and a one year high of C$13.09.

About Cineplex

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.