Cineplex Inc. (TSE:CGX) Stock Rated “Buy” by Sell-Side Brokerages

Cineplex Inc. (TSE:CGX) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$14.46.

Several equities research analysts have recently issued reports on the stock. National Bank Financial increased their price objective on shares of Cineplex from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada lifted their target price on shares of Cineplex from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, September 15th. Canaccord Genuity Group raised their price objective on Cineplex from C$11.50 to C$12.25 and gave the company a “hold” rating in a research report on Monday, October 19th. Scotiabank boosted their price objective on Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 12th. Finally, TD Securities upgraded Cineplex to a “strong-buy” rating in a research note on Friday, July 24th.

Cineplex Trading Up 0.1%

CGX stock opened at C$13.15 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.44 and a debt-to-equity ratio of -1,865.57. The company has a market cap of C$828.49 million, a price-to-earnings ratio of -65.75, a PEG ratio of 0.30 and a beta of 0.35. The business has a fifty day simple moving average of C$12.56 and a 200-day simple moving average of C$11.44. Cineplex has a 52 week low of C$9.15 and a 52 week high of C$13.50.

Cineplex (TSE:CGX) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.12 EPS for the quarter. The company had revenue of C$383.72 million for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. On average, equities research analysts expect that Cineplex will post 1.08 EPS for the current year.

Cineplex Company Profile

Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).