TD Securities Boosts Cineplex (TSE:CGX) Price Target to C$17.00

Cineplex (TSE:CGX) had its price target boosted by stock analysts at TD Securities from C$16.00 to C$17.00 in a note issued to investors on Monday,BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 42.50% from the company’s previous close.

Other equities analysts have also issued reports about the stock. National Bankshares dropped their price target on shares of Cineplex from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Scotiabank upped their target price on shares of Cineplex from C$12.00 to C$12.75 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Royal Bank Of Canada set a C$14.00 price target on Cineplex and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Canaccord Genuity Group boosted their price objective on Cineplex from C$11.00 to C$13.00 in a research report on Friday, October 17th. Finally, BMO Capital Markets upped their price objective on Cineplex from C$13.00 to C$14.00 in a research note on Friday, October 17th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.96.

Cineplex Stock Performance

Shares of Cineplex stock traded up C$0.04 during trading hours on Monday, reaching C$11.93. 166,102 shares of the stock traded hands, compared to its average volume of 275,493. Cineplex has a one year low of C$8.40 and a one year high of C$13.09. The firm has a market capitalization of C$756.84 million, a price-to-earnings ratio of -12.56, a P/E/G ratio of 0.30 and a beta of 0.52. The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78. The company has a 50 day moving average price of C$12.00 and a 200 day moving average price of C$11.33.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.