Cineplex (TSE:CGX – Get Free Report) The price target was raised by investment analysts at TD Securities from CAD$14.00 to CAD$16.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would imply a potential upside of 51.80% from the company’s last closing price.
CGX has been the subject of a number of other reports. Canaccord Genuity Group lowered their price target on shares of Cineplex from C$12.50 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17. Scotiabank increased their price target on shares of Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Monday, August 12. Royal Bank of Canada lowered their price target on shares of Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24. Finally, Desjardins increased their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, August 1. One investment analyst rated the stock with a “hold” rating and six gave the company’s stock a “buy” rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.71 CAD.
Check out our latest stock report on Cineplex
Price development of Cineplex shares
Shares of TSE:CGX opened at C$10.54 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69. The company has a 50-day moving average price of C$8.53 and a 200-day moving average price of C$8.16. The company has a market cap of C$671.19 million, a price-to-earnings ratio of -9.41, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$10.57.
About Cineplex
(Get free report)
Cineplex Inc., together with its subsidiaries, is an entertainment and media company in Canada and internationally. It operates through three segments: Filmed Entertainment and Content, Media and Location-Based Entertainment. The Company is involved in theatrical exhibition and hospitality businesses and provides alternative programming services, including international film programming, as well as content offered under the Event Cinema brand, including the Metropolitan Opera, sporting events, concerts and special event screens.
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