TD Securities Forecasts Strong Price Appreciation for Cineplex (TSE:CGX) Stock

Cineplex (TSE:CGX) had its price objective lifted by investment analysts at TD Securities from C$16.00 to C$17.00 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 40.96% from the stock’s previous close.

CGX has been the topic of several other research reports. Canaccord Genuity Group raised their price objective on Cineplex from C$11.00 to C$13.00 in a report on Friday, October 17th. BMO Capital Markets raised their price target on Cineplex from C$13.00 to C$14.00 in a research note on Friday, October 17th. Royal Bank Of Canada set a C$14.00 price target on Cineplex and gave the company an “outperform” rating in a report on Wednesday, October 29th. National Bankshares dropped their price objective on shares of Cineplex from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Finally, Scotiabank raised 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. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Cineplex currently has a consensus rating of “Moderate Buy” and an average price target of C$13.96.

Cineplex Stock Up 0.2%

Shares of TSE CGX opened at C$12.06 on Monday. The firm has a market cap of C$765.09 million, a P/E ratio of -22.33, a price-to-earnings-growth ratio of 0.30 and a beta of 0.52. 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 1 year low of C$8.40 and a 1 year high of C$13.09. The firm’s 50 day moving average price is C$12.00 and its 200 day moving average price is C$11.37.

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.