Canaccord Genuity Group Forecasts Strong Price Appreciation for Cineplex (TSE:CGX) Stock

Cineplex (TSE:CGX) had its target price lifted by research analysts at Canaccord Genuity Group from C$11.00 to C$13.00 in a note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 9.61% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. National Bankshares cut their target price on shares of Cineplex from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Scotiabank lifted their target price on shares of Cineplex from C$12.00 to C$12.75 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Cineplex currently has an average rating of “Moderate Buy” and an average target price of C$13.35.

Cineplex Stock Down 0.9%

CGX opened at C$11.86 on Friday. The stock has a market cap of C$752.40 million, a PE ratio of -12.48, a price-to-earnings-growth ratio of 0.30 and a beta of 0.51. The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of -4,623.78. The stock’s fifty day simple moving average is C$11.57 and its 200 day simple moving average is C$10.96. Cineplex has a 1-year low of C$8.40 and a 1-year high of C$13.09.

Cineplex Company Profile

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.