National Bank Financial Issues Positive Forecast for Cineplex (TSE:CGX) Stock Price

Cineplex (TSE:CGX) had its target price increased by National Bank Financial from C$14.00 to C$16.00 in a note issued to investors on Monday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s price objective would indicate a potential upside of 10.65% from the company’s current price.

CGX has been the subject of a number of other reports. TD Securities raised Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. Royal Bank Of Canada boosted their target price on 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 boosted their target price on Cineplex from C$11.50 to C$12.25 and gave the company a “hold” rating in a report on Monday, October 19th. Scotiabank upped their price target 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, RBC Dominion Securities increased their price target on Cineplex from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$15.08.

Cineplex Stock Performance

Shares of TSE:CGX traded up C$0.21 on Monday, reaching C$14.46. The company’s stock had a trading volume of 463,437 shares, compared to its average volume of 321,573. Cineplex has a 52-week low of C$9.15 and a 52-week high of C$14.54. The stock has a market capitalization of C$911.02 million, a P/E ratio of -72.30, a PEG ratio of 0.30 and a beta of 0.15. The stock’s 50-day moving average is C$12.64 and its two-hundred day moving average is C$11.49. The company has a debt-to-equity ratio of -1,865.57, a current ratio of 0.44 and a quick ratio of 0.22.

Cineplex (TSE:CGX) last released its quarterly earnings results on Friday, November 6th. The company reported C$0.34 earnings per share (EPS) for the quarter. The firm had revenue of C$440.20 million for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. As a group, sell-side analysts forecast that Cineplex will post 1.08 EPS for the current year.

About Cineplex

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).