Cineplex (TSE:CGX) Reaches New 12-Month Low at $22.25

Cineplex Inc (TSE:CGX) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$22.25 and last traded at C$22.54, with a volume of 176501 shares traded. The stock had previously closed at C$22.34.

Several research analysts recently commented on CGX shares. BMO Capital Markets dropped their price target on Cineplex from C$30.00 to C$28.00 in a research report on Monday, September 9th. TD Securities dropped their target price on Cineplex from C$33.00 to C$32.00 and set a “buy” rating for the company in a research report on Friday, August 9th. National Bank Financial boosted their target price on Cineplex from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, CIBC boosted their target price on Cineplex from C$27.50 to C$28.50 in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$30.75.

The company has a 50-day simple moving average of C$23.71 and a 200-day simple moving average of C$24.22. The firm has a market cap of $1.41 billion and a PE ratio of 28.90. The company has a debt-to-equity ratio of 329.31, a current ratio of 0.45 and a quick ratio of 0.33.

Cineplex (TSE:CGX) last announced its earnings results on Thursday, August 8th. The company reported C$0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.31. The business had revenue of C$439.25 million for the quarter, compared to analysts’ expectations of C$428.90 million. As a group, equities research analysts predict that Cineplex Inc will post 0.9599999 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 30th. This represents a $1.80 annualized dividend and a dividend yield of 7.99%. Cineplex’s dividend payout ratio (DPR) is presently 224.36%.

About Cineplex (TSE:CGX)

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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