Cineplex (TSE:CGX) Hits New 1-Year High – What’s Next?

Cineplex Inc. (TSE:CGX) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as C$14.51 and last traded at C$14.42, with a volume of 113,664 shares changing hands. The stock had previously closed at C$14.25.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Cineplex from C$11.50 to C$12.25 and gave the company a “hold” rating in a report on Monday, October 19th. Royal Bank Of Canada raised their price objective on Cineplex from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, September 15th. RBC Dominion Securities raised their price objective on Cineplex from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. TD Securities upgraded Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. Finally, National Bank Financial boosted their target price on shares of Cineplex from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$14.46.

Cineplex Trading Up 0.6%

The firm has a market cap of C$903.46 million, a price-to-earnings ratio of -71.70, a PEG ratio of 0.30 and a beta of 0.15. The company has a fifty day moving average price of C$12.64 and a 200-day moving average price of C$11.49. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of -1,865.57.

Cineplex (TSE:CGX) last posted its earnings results on Friday, November 6th. The company reported C$0.34 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, research analysts expect that Cineplex Inc. 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).