BMO Capital Markets Increases Cineplex (TSE:CGX) Price Target to C$14.00

Cineplex (TSE:CGX) had its price target upped by equities research analysts at BMO Capital Markets from C$13.00 to C$14.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 18.04% from the company’s current price.

Several other equities research analysts also recently commented on CGX. Scotiabank upped their price objective on shares of Cineplex from C$12.00 to C$12.75 and gave the company an “outperform” rating in a report on Wednesday, August 13th. National Bankshares dropped their price objective on shares of Cineplex from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Finally, Canaccord Genuity Group upped their price objective on shares of Cineplex from C$11.00 to C$13.00 in a report on Friday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.35.

Cineplex Price Performance

Shares of TSE:CGX opened at C$11.86 on Friday. The company’s 50-day moving average is C$11.57 and its 200 day moving average is C$10.96. 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. The company has a market capitalization of C$752.40 million, a P/E ratio of -12.48, a price-to-earnings-growth ratio of 0.30 and a beta of 0.51. Cineplex has a fifty-two week low of C$8.40 and a fifty-two week 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.