Cineplex Inc. (TSE:CGX) Receives C$18.64 Consensus Target Price from Brokerages

Shares of Cineplex Inc. (TSE:CGX) have been given an average rating of “Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$18.64.

CGX has been the subject of several recent research reports. Canaccord Genuity Group lowered their price target on Cineplex from C$14.00 to C$11.00 in a report on Thursday, April 10th. National Bankshares decreased their target price on Cineplex from C$15.00 to C$13.50 and set an “outperform” rating for the company in a research report on Wednesday, April 9th.

Cineplex Trading Up 0.3 %

CGX stock opened at C$9.88 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78. The company has a market cap of C$623.94 million, a price-to-earnings ratio of -16.62, a PEG ratio of 0.30 and a beta of 2.74. The business has a fifty day simple moving average of C$9.60 and a 200-day simple moving average of C$10.66. Cineplex has a 52 week low of C$7.10 and a 52 week high of C$13.09.

Cineplex Company Profile

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.