Cineplex Inc (TSE:CGX) has been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$34.00.
Several brokerages have recently weighed in on CGX. Canaccord Genuity cut their price objective on shares of Cineplex from C$33.00 to C$32.00 in a report on Monday, August 13th. Royal Bank of Canada raised their price target on shares of Cineplex from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Monday, August 13th. Raymond James cut their price target on shares of Cineplex from C$38.00 to C$34.00 and set an “outperform” rating on the stock in a report on Thursday, November 15th. CIBC cut their price target on shares of Cineplex from C$36.00 to C$33.00 in a report on Thursday, November 15th. Finally, National Bank Financial raised their price target on shares of Cineplex from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Tuesday, October 16th.
In other news, insider Daniel F. Mcgrath acquired 4,000 shares of the stock in a transaction on Tuesday, November 27th. The stock was bought at an average price of C$25.65 per share, with a total value of C$102,600.00.
Shares of CGX stock traded up C$0.27 during trading hours on Monday, hitting C$26.01. 294,400 shares of the company were exchanged, compared to its average volume of 295,799. Cineplex has a 1 year low of C$24.58 and a 1 year high of C$39.99. The company has a current ratio of 0.40, a quick ratio of 0.28 and a debt-to-equity ratio of 91.04.
Cineplex (TSE:CGX) last announced its quarterly earnings data on Wednesday, November 14th. The company reported C$0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.30 by C($0.14). The firm had revenue of C$386.72 million for the quarter, compared to analyst estimates of C$405.60 million. On average, equities research analysts forecast that Cineplex will post 1.41999995414072 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, November 30th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.74 annualized dividend and a yield of 6.69%. Cineplex’s payout ratio is 137.39%.
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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