Cineplex (TSE:CGX) Price Target Raised to C$16.00

Cineplex (TSE:CGXFree Report) had its price objective hoisted by TD Securities from C$14.00 to C$16.00 in a report released on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

CGX has been the subject of a number of other research reports. Royal Bank of Canada dropped their target price on shares of Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. Scotiabank increased their price objective on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an outperform rating in a research report on Monday, August 12th. Canaccord Genuity Group reduced their target price on shares of Cineplex from C$12.50 to C$12.00 and set a buy rating on the stock in a report on Wednesday, July 17th. Finally, Desjardins increased their price target on Cineplex from C$52.00 to C$53.00 and gave the company a buy rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Cineplex has a consensus rating of Moderate Buy and an average target price of C$18.71.

Read Our Latest Research Report on CGX

Cineplex Price Performance

CGX stock opened at C$10.53 on Friday. The company has a market cap of C$670.55 million, a PE ratio of -9.40, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. 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 stock has a 50-day moving average price of C$8.60 and a two-hundred day moving average price of C$8.18. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$10.58.

About Cineplex

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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.

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