Cineplex (TSE:CGX) has been given a C$34.00 target price by equities researchers at Raymond James in a research report issued on Monday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 27.96% from the stock’s current price.
A number of other equities analysts have also recently commented on the stock. National Bank Financial cut their price target on shares of Cineplex from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 16th. Royal Bank of Canada cut their price target on shares of Cineplex from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, November 15th. Finally, CIBC boosted their price target on shares of Cineplex from C$32.50 to C$36.00 in a research note on Monday, November 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$33.88.
Shares of TSE CGX traded down C$0.64 during midday trading on Monday, hitting C$26.57. The company’s stock had a trading volume of 170,753 shares, compared to its average volume of 230,476. Cineplex has a one year low of C$22.88 and a one year high of C$36.65. The company has a quick ratio of 0.28, a current ratio of 0.40 and a debt-to-equity ratio of 91.04. The firm has a market cap of $1.72 billion and a P/E ratio of 21.43.
Cineplex (TSE:CGX) last issued its quarterly earnings data on Wednesday, November 14th. The company reported C$0.16 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.14). The company had revenue of C$386.72 million for the quarter, compared to the consensus estimate of C$405.60 million. Equities analysts expect that Cineplex will post 1.42000004182622 EPS for the current year.
In other Cineplex news, insider Daniel F. Mcgrath bought 4,000 shares of Cineplex stock in a transaction dated Tuesday, November 27th. The shares were purchased at an average cost of C$25.65 per share, with a total value of C$102,600.00.
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.
Featured Story: Why is the conference call important?
Receive News & Ratings for Cineplex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex and related companies with MarketBeat.com's FREE daily email newsletter.