Royal Bank of Canada Increases Cineplex (TSE:CGX) Price Target to C$14.00

Cineplex (TSE:CGX) had its target price lifted by analysts at Royal Bank of Canada from C$13.00 to C$14.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 38.34% from the stock’s previous close.

Several other research analysts have also recently weighed in on CGX. National Bankshares lowered their target price on Cineplex from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Canaccord Genuity Group decreased their price objective on Cineplex from C$14.00 to C$11.00 in a report on Thursday, April 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$18.79.

Cineplex Trading Down 0.3%

Shares of Cineplex stock opened at C$10.12 on Monday. The stock has a market cap of C$639.10 million, a P/E ratio of -17.03, a P/E/G ratio of 0.30 and a beta of 2.74. The stock’s 50 day simple moving average is C$9.56 and its 200-day simple moving average is C$10.65. Cineplex has a 1-year low of C$7.10 and a 1-year high of C$13.09. The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22.

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.