Cineplex Inc Plans Aug 14 Dividend of C$0.13 (CGX)
Cineplex (TSE:CGX) announced a aug 14 dividend on Tuesday, August 19th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.125 per share on Tuesday, September 30th.
A number of research firms have recently commented on CGX. 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. On the ratings front, 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$44.58.
Shares of Cineplex (TSE:CGX) opened at 40.37 on Tuesday. Cineplex has a 52 week low of $37.74 and a 52 week high of $44.85. The stock has a 50-day moving average of $40.02 and a 200-day moving average of $40.86. The company has a market cap of $2.543 billion and a P/E ratio of 34.19.
Cineplex (TSE:CGX) last posted its quarterly earnings results 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. Analysts expect that Cineplex will post $1.44 EPS for the current fiscal year.
Cineplex Inc (TSE:CGX) owns 100% of Cineplex Entertainment Limited Partnership (the Partnership).
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