Cineplex (TSE:CGX) Price Target Raised to C$14.00

Cineplex (TSE:CGX) had its target price hoisted by stock analysts at National Bank Financial from C$13.50 to C$14.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 13.09% from the stock’s current price.

Several other equities research analysts also recently issued reports on CGX. Canaccord Genuity Group raised their target price on shares of Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a research note on Tuesday, May 12th. TD Securities raised Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$13.83.

Cineplex Stock Performance

TSE CGX traded up C$0.42 on Wednesday, hitting C$12.38. 458,878 shares of the stock were exchanged, compared to its average volume of 279,713. The company has a market capitalization of C$779.98 million, a PE ratio of -34.39, a P/E/G ratio of 0.30 and a beta of 0.36. The company has a debt-to-equity ratio of -1,703.50, a current ratio of 0.37 and a quick ratio of 0.22. The business’s fifty day moving average is C$11.87 and its 200 day moving average is C$10.99. Cineplex has a 52 week low of C$9.15 and a 52 week high of C$13.28.

Cineplex (TSE:CGX) last announced 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 during the quarter. Cineplex had a negative net margin of 1.72% and a positive return on equity of 27.72%. Research analysts anticipate that Cineplex will post 1.0754912 EPS for the current fiscal year.

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. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.