Cineplex Given “Sector Outperform” Rating at CIBC (CGX)
Cineplex (TSE:CGX)‘s stock had its “sector outperform” rating restated by research analysts at CIBC in a report released on Friday, AnalystRatings.NET reports. They currently have a C$42.00 price target on the stock. CIBC’s target price suggests a potential upside of 4.69% from the stock’s previous close.
Cineplex (TSE:CGX) traded down 0.22% on Friday, hitting $40.12. 131,223 shares of the company’s stock traded hands. Cineplex has a 1-year low of $28.71 and a 1-year high of $40.49. The stock has a 50-day moving average of $38.75 and a 200-day moving average of $35.76. The company has a price-to-earnings ratio of 20.31.
The company also recently announced a sep 13 dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.12 per share.
A number of other analysts have also recently weighed in on CGX. Analysts at Scotiabank initiated coverage on shares of Cineplex in a research note to investors on Friday. They set an “outperform” rating and a C$41.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Cineplex from C$39.00 to C$40.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Cineplex from C$35.00 to C$37.00 in a research note to investors on Monday, August 12th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$38.55.
Cineplex Inc (TSE:CGX) directly and indirectly owns 100% of Cineplex Entertainment Limited Partnership (the Partnership).
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