Cineplex Inc (TSE:CGX) – Investment analysts at National Bank Financial decreased their FY2016 earnings estimates for shares of Cineplex in a research note issued to investors on Wednesday. National Bank Financial analyst A. Shine now anticipates that the firm will post earnings per share of $1.42 for the year, down from their previous forecast of $1.65. National Bank Financial also issued estimates for Cineplex’s FY2017 earnings at $2.02 EPS.
CGX has been the topic of a number of other reports. Raymond James Financial Inc. boosted their price target on shares of Cineplex from C$56.00 to C$58.00 in a research note on Friday, August 12th. TD Securities boosted their price target on shares of Cineplex from C$58.00 to C$59.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Scotiabank reiterated a “sector perform” rating and set a C$52.00 price target on shares of Cineplex in a research note on Wednesday, September 21st. RBC Capital Markets cut their price target on shares of 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, Royal Bank Of Canada cut their price target on shares of Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Monday, August 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$54.57.
Cineplex (TSE:CGX) traded up 0.50% during mid-day trading on Friday, reaching $52.15. 66,323 shares of the company were exchanged. The firm has a market capitalization of $3.31 billion and a P/E ratio of 25.96. The stock has a 50-day moving average of $50.34 and a 200 day moving average of $50.84. Cineplex has a 1-year low of $44.67 and a 1-year high of $52.50.
Cineplex Company Profile
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.
Receive News & Ratings for Cineplex Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex Inc and related companies with MarketBeat.com's FREE daily email newsletter.