Cineplex (TSE:CGX) had its target price cut by Royal Bank of Canada from C$34.00 to C$32.00 in a report published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets lowered their price target on Cineplex from C$30.00 to C$28.00 in a research report on Monday, September 9th. TD Securities lowered their price target 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 price target 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 price target on Cineplex from C$27.50 to C$28.50 in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$30.17.
CGX stock traded down C$0.11 during trading on Friday, reaching C$24.21. 630,200 shares of the stock traded hands, compared to its average volume of 232,044. The business’s 50 day moving average price is C$23.28 and its 200-day moving average price is C$24.16. Cineplex has a 52-week low of C$22.25 and a 52-week high of C$28.91. The company has a debt-to-equity ratio of 329.31, a current ratio of 0.45 and a quick ratio of 0.33. The firm has a market capitalization of $1.42 billion and a PE ratio of 31.04.
The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Wednesday, October 30th. Cineplex’s payout ratio is 224.36%.
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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