Cineplex (TSE:CGX) Given New C$53.00 Price Target at Desjardins

Cineplex (TSE:CGX) had its price objective hoisted by Desjardins from C$52.00 to C$53.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts also recently issued reports on the stock. Scotiabank decreased their price objective on shares of Cineplex from C$11.00 to C$10.00 and set a sector perform rating for the company in a research note on Monday, June 17th. Canaccord Genuity Group decreased their price target on shares of Cineplex from C$12.50 to C$12.00 and set a buy rating on the stock in a report on Wednesday, July 17th. Finally, Royal Bank of Canada reduced their target price on shares of Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of C$18.14.

Cineplex Trading Down 1.3 %

TSE CGX opened at C$8.91 on Thursday. The company has a fifty day moving average of C$8.13 and a 200 day moving average of C$8.06. The company has a market capitalization of C$567.39 million, a PE ratio of 6.70, a P/E/G ratio of 0.30 and a beta of 2.79. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$9.76. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.41 and a quick ratio of 0.22.

Cineplex (TSE:CGX) last announced its quarterly earnings data on Thursday, May 9th. The company reported C($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.15) by C($0.41). The company had revenue of C$294.76 million for the quarter, compared to the consensus estimate of C$292.60 million. Research analysts forecast that Cineplex will post 0.4906231 earnings per share for the current year.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.