Cineplex (TSE:CGX) Stock Gets Price Target Boost from RBC Dominion Securities

Cineplex (TSE:CGX) had its price objective hoisted by equities research analysts at RBC Dominion Securities from C$15.00 to C$16.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. RBC Dominion Securities‘s price target suggests a potential upside of 23.84% from the stock’s previous close.

A number of other analysts have also commented on the stock. Royal Bank Of Canada lifted their price target on shares of Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Scotiabank raised their target price on shares of Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a report on Wednesday, August 12th. National Bank Financial lifted their target price 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. TD Securities raised shares of Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. Finally, Canaccord Genuity Group boosted their target price on shares of Cineplex from C$11.50 to C$12.25 and gave the company a “hold” rating in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Cineplex currently has an average rating of “Buy” and a consensus target price of C$14.46.

Cineplex Price Performance

TSE CGX remained flat at C$12.92 during trading hours on Wednesday. The company had a trading volume of 106,917 shares, compared to its average volume of 303,180. Cineplex has a 52 week low of C$9.15 and a 52 week high of C$13.38. The stock has a 50 day moving average price of C$12.50 and a 200 day moving average price of C$11.38. The company has a market capitalization of C$814.00 million, a P/E ratio of -64.60, a P/E/G ratio of 0.30 and a beta of 0.35. The company has a debt-to-equity ratio of -1,865.57, a quick ratio of 0.22 and a current ratio of 0.44.

Cineplex (TSE:CGX) last issued its earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. The business had revenue of C$383.72 million during the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. As a group, research analysts predict that Cineplex will post 1.08 earnings per share for the current fiscal 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).