Cineplex (TSE:CGX) Price Target Cut to C$11.50 by Analysts at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price target lowered by Canaccord Genuity Group from C$13.00 to C$11.50 in a report released on Wednesday morning,BayStreet.CA reports.

Several other analysts also recently issued reports on CGX. Royal Bank Of Canada set a C$14.00 price target on shares of Cineplex and gave the company an “outperform” rating in a research report on Wednesday, October 29th. TD Securities boosted their target price on shares of Cineplex from C$16.00 to C$17.00 in a research report on Monday, November 10th. BMO Capital Markets upped their target price on shares of Cineplex from C$13.00 to C$14.00 in a report on Friday, October 17th. Finally, National Bankshares dropped their price target 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. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.71.

Cineplex Stock Performance

Shares of Cineplex stock opened at C$10.50 on Wednesday. The business has a 50-day simple moving average of C$11.30 and a 200 day simple moving average of C$11.48. Cineplex has a one year low of C$8.40 and a one year high of C$12.72. The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22. The firm has a market capitalization of C$666.12 million, a price-to-earnings ratio of -19.44, a PEG ratio of 0.30 and a beta of 0.04.

Cineplex (TSE:CGX) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$348.94 million during the quarter. Cineplex had a positive return on equity of 172.20% and a negative net margin of 2.83%. On average, research analysts anticipate that Cineplex will post 1.0754912 earnings per share for the current fiscal year.

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. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.