Cineplex (TSE:CGX) PT Set at C$14.00 by Royal Bank Of Canada

Cineplex (TSE:CGX) received a C$14.00 target price from research analysts at Royal Bank Of Canada in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 12.45% from the stock’s current price.

A number of other research firms also recently commented on CGX. BMO Capital Markets lifted their target price on shares of Cineplex from C$13.00 to C$14.00 in a research report on Friday, October 17th. National Bankshares cut their price target on Cineplex from C$13.50 to C$13.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. Canaccord Genuity Group raised their target price on shares of Cineplex from C$11.00 to C$13.00 in a research note on Friday, October 17th. Finally, Scotiabank boosted their price objective on Cineplex from C$12.00 to C$12.75 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Cineplex currently has a consensus rating of “Moderate Buy” and an average price target of C$13.35.

Cineplex Stock Performance

Shares of CGX opened at C$12.45 on Wednesday. Cineplex has a 12 month low of C$8.40 and a 12 month high of C$13.09. The business’s fifty day simple moving average is C$11.90 and its two-hundred day simple moving average is C$11.16. The company has a market cap of C$789.83 million, a price-to-earnings ratio of -13.11, a P/E/G 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.

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.