Cineplex (TSE:CGX)‘s stock had its “outperform” rating reissued by investment analysts at Raymond James in a report released on Tuesday, February 5th. They presently have a C$34.00 price target on the stock. Raymond James’ price target indicates a potential upside of 31.17% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. National Bank Financial increased their target price on shares of Cineplex from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Tuesday, October 16th. CIBC increased their target price on shares of Cineplex from C$32.50 to C$36.00 in a report on Monday, November 5th. Finally, Royal Bank of Canada dropped their target price on shares of Cineplex from C$39.00 to C$36.00 and set an “outperform” rating for the company in a report on Thursday, November 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$32.63.
Shares of CGX stock traded up C$0.25 during mid-day trading on Tuesday, hitting C$25.92. 201,500 shares of the stock were exchanged, compared to its average volume of 264,547. Cineplex has a 12-month low of C$22.88 and a 12-month high of C$36.65. The firm has a market cap of $1.64 billion and a price-to-earnings ratio of 21.30. The company has a debt-to-equity ratio of 88.76, a quick ratio of 0.46 and a current ratio of 0.56.
Cineplex (TSE:CGX) last announced its earnings results on Friday, February 15th. The company reported C$0.43 earnings per share for the quarter, missing the consensus estimate of C$0.51 by C($0.08). The firm had revenue of C$428.18 million for the quarter, compared to analyst estimates of C$425.40 million. As a group, research analysts predict that Cineplex will post 1.45999990810386 EPS for the current year.
Cineplex Company Profile
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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