Cineplex Inc (TSE:CGX) had its target price boosted by equities researchers at TD Securities from C$58.00 to C$59.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 16.92% from the stock’s current price.
A number of other brokerages have also weighed in on CGX. Royal Bank Of Canada restated a “sector perform” rating and issued a C$52.00 target price on shares of Cineplex in a research note on Friday, July 15th. National Bank Financial upped their target price on Cineplex from C$56.00 to C$60.00 in a research note on Wednesday, July 6th. Scotiabank restated a “sector perform” rating and issued a C$52.00 target price on shares of Cineplex in a research note on Wednesday, July 6th. RBC Capital Markets decreased their target price on Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Friday, August 12th. Finally, Raymond James Financial Inc. upped their target price on Cineplex from C$56.00 to C$58.00 in a research note on Friday, August 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$54.57.
Cineplex (TSE:CGX) opened at 50.46 on Friday. The stock’s 50 day moving average price is $50.28 and its 200-day moving average price is $50.80. The company has a market capitalization of $3.20 billion and a P/E ratio of 25.12. Cineplex has a 12 month low of $44.67 and a 12 month high of $52.50.
Cineplex Inc is a Canada-based entertainment company. The Company operates through two segments: Exhibition and Media. The Exhibition segment offers box office services, food service, gaming services, theatre rentals and digital commerce rental and sales. The Media segment consists of Cineplex Media, which consists of in-theatre advertising, pre-show, showtime, magazine and lobby advertising, and Cineplex Digital Media (CDM), which is associated with the design, installation and operations of digital signage networks.
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