Cineplex Receives Consensus Recommendation of “Buy” from Brokerages (TSE:CGX)
Shares of Cineplex (TSE:CGX) have received an average recommendation of “Buy” from the nine analysts that are covering the company, Analyst Ratings News reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$44.58.
Cineplex (TSE:CGX) opened at 40.35 on Tuesday. Cineplex has a one year low of $37.74 and a one year high of $44.85. The stock’s 50-day moving average is $40.05 and its 200-day moving average is $40.86. The company has a market cap of $2.542 billion and a price-to-earnings ratio of 34.41.
Cineplex (TSE:CGX) last released its earnings data on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.03. On average, analysts predict that Cineplex will post $1.45 earnings per share for the current fiscal year.
The company also recently declared a jul 14 dividend, which is scheduled for Sunday, August 31st. Stockholders of record on Thursday, July 31st will be given a dividend of $0.125 per share.
A number of analysts have recently weighed in on CGX shares. Analysts at CIBC raised their price target on shares of Cineplex from C$42.00 to C$43.00 in a research note on Thursday, August 7th. They now have a “sector perform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Cineplex from C$44.00 to C$45.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity upgraded shares of Cineplex from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a C$42.00 price target on the stock, up previously from C$39.00.
Cineplex Inc (TSE:CGX) owns 100% of Cineplex Entertainment Limited Partnership (the Partnership).
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