Cineplex Inc. (TSE:CGX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Cineplex Inc. (TSE:CGX) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$18.71.

Several research analysts have recently issued reports on the stock. Scotiabank boosted their price objective on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Royal Bank of Canada reduced their target price on Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. Desjardins boosted their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Securities lifted their target price on shares of Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Canaccord Genuity Group upped their target price on shares of Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th.

Cineplex Trading Down 0.6 %

Shares of Cineplex stock opened at C$9.99 on Thursday. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$11.16. The company’s fifty day simple moving average is C$10.44 and its 200-day simple moving average is C$9.38. The company has a market cap of C$636.16 million, a price-to-earnings ratio of -8.92, a PEG ratio of 0.30 and a beta of 2.74. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.