Cineplex Inc. (TSE:CGX) Receives C$12.88 Consensus PT from Analysts

Cineplex Inc. (TSE:CGX) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$12.88.

A number of research analysts have recently commented on CGX shares. Royal Bank of Canada reduced their target price on shares of Cineplex from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. BMO Capital Markets boosted their target price on shares of Cineplex from C$11.50 to C$12.50 and gave the stock a “market perform” rating in a research report on Wednesday, March 6th. Scotiabank boosted their target price on shares of Cineplex from C$11.00 to C$11.25 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Canaccord Genuity Group dropped their price target on shares of Cineplex from C$13.75 to C$13.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, National Bankshares dropped their price target on shares of Cineplex from C$13.50 to C$12.50 and set an “outperform” rating for the company in a research note on Tuesday, January 16th.

Cineplex Trading Up 0.8 %

Shares of CGX stock opened at C$8.39 on Monday. The stock has a market cap of C$534.28 million, a price-to-earnings ratio of 4.66, a price-to-earnings-growth ratio of 0.30 and a beta of 2.88. The company has a quick ratio of 0.22, a current ratio of 0.55 and a debt-to-equity ratio of 7,933.30. Cineplex has a fifty-two week low of C$7.14 and a fifty-two week high of C$10.26. The firm’s 50 day moving average price is C$7.73 and its two-hundred day moving average price is C$8.17.

Cineplex (TSE:CGX) last announced its quarterly earnings results on Thursday, February 8th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$315.08 million for the quarter, compared to analysts’ expectations of C$359.50 million. On average, analysts anticipate that Cineplex will post 0.5121951 EPS for the current year.

Insider Buying and Selling at Cineplex

In other Cineplex news, Senior Officer Gordon Nelson bought 10,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was purchased at an average price of C$7.47 per share, for a total transaction of C$74,700.00. In other Cineplex news, Senior Officer Gordon Nelson bought 10,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was purchased at an average price of C$7.47 per share, for a total transaction of C$74,700.00. Also, Senior Officer Kevin David Watts bought 3,200 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of C$7.92 per share, with a total value of C$25,344.00. Insiders acquired a total of 14,500 shares of company stock worth $109,911 over the last 90 days. Insiders own 1.52% of the company’s stock.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.