Cineplex (TSE:CGX) Price Target Raised to C$10.50 at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price target hoisted by Canaccord Genuity Group from C$9.00 to C$10.50 in a research report released on Thursday,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

Other research analysts have also issued reports about the company. Royal Bank Of Canada lowered their target price on Cineplex from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. TD Securities lowered their target price on Cineplex from C$17.00 to C$16.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.21.

Cineplex Stock Up 5.9%

Shares of TSE:CGX opened at C$11.96 on Thursday. The firm has a market cap of C$759.05 million, a P/E ratio of -20.62, a P/E/G ratio of 0.30 and a beta of 0.10. The company has a quick ratio of 0.22, a current ratio of 0.52 and a debt-to-equity ratio of -2,256.39. Cineplex has a 12-month low of C$8.88 and a 12-month high of C$12.72. The business has a fifty day simple moving average of C$10.28 and a 200 day simple moving average of C$10.93.

Cineplex (TSE:CGX) last announced its earnings results on Wednesday, February 11th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$334.77 million during the quarter. Cineplex had a positive return on equity of 49.30% and a negative net margin of 2.84%. Analysts predict that Cineplex will post 1.0754912 earnings per share for the current 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.