Cineplex (TSE:CGX) had its target price dropped by analysts at CIBC from C$33.00 to C$30.00 in a research report issued to clients and investors on Tuesday. CIBC’s price target would suggest a potential upside of 17.97% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. National Bank Financial decreased their price target on shares of Cineplex from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Tuesday. Raymond James set a C$34.00 target price on shares of Cineplex and gave the stock an “outperform” rating in a research report on Tuesday, January 8th. Finally, Royal Bank of Canada dropped their target price on shares of Cineplex from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research report on Thursday, November 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cineplex presently has a consensus rating of “Buy” and an average target price of C$32.63.
Shares of TSE:CGX traded up C$0.29 during trading on Tuesday, reaching C$25.43. The company had a trading volume of 355,863 shares, compared to its average volume of 265,724. The firm has a market capitalization of $1.59 billion and a price-to-earnings ratio of 20.49. Cineplex has a 12 month low of C$22.88 and a 12 month high of C$36.65. The company has a debt-to-equity ratio of 91.04, a current ratio of 0.40 and a quick ratio of 0.28.
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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