Cineplex (TSE:CGX) Price Target Cut to C$13.00 by Analysts at Royal Bank Of Canada

Cineplex (TSE:CGX) had its price objective lowered by Royal Bank Of Canada from C$14.00 to C$13.00 in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently commented on the company. BMO Capital Markets lifted their price objective on Cineplex from C$13.00 to C$14.00 in a research report on Friday, October 17th. TD Securities decreased their price target on shares of Cineplex from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Finally, Canaccord Genuity Group lowered their price target on shares of Cineplex from C$13.00 to C$11.50 in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Cineplex presently has an average rating of “Moderate Buy” and an average target price of C$13.38.

Cineplex Trading Down 2.6%

Shares of Cineplex stock opened at C$9.46 on Tuesday. Cineplex has a 1 year low of C$8.40 and a 1 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 business has a 50 day moving average price of C$10.74 and a 200 day moving average price of C$11.33. The company has a market capitalization of C$600.14 million, a P/E ratio of -17.52, a P/E/G ratio of 0.30 and a beta of -0.14.

Cineplex (TSE:CGX) last announced its earnings results on Thursday, November 6th. The company reported C$0.02 EPS for the quarter. Cineplex had a positive return on equity of 172.20% and a negative net margin of 2.83%.The firm had revenue of C$348.94 million for the quarter. Sell-side analysts anticipate that Cineplex will post 1.0754912 EPS 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.