Scotiabank Raises Cineplex (TSE:CGX) Price Target to C$12.75

Cineplex (TSE:CGX) had its target price raised by equities researchers at Scotiabank from C$12.00 to C$12.75 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 19.61% from the company’s previous close.

Separately, Royal Bank Of Canada lifted their target price on shares of Cineplex from C$13.00 to C$14.00 in a report on Monday, May 12th.

Cineplex Stock Performance

Shares of CGX stock opened at C$10.66 on Wednesday. The company has a market capitalization of C$673.20 million, a price-to-earnings ratio of -17.94, a PEG ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43. The company has a 50-day simple moving average of C$11.21 and a 200 day simple moving average of C$10.56. Cineplex has a 52 week low of C$8.40 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.