Cineplex Inc (CGX) Earns “Sector Perform” Rating from Scotiabank
Cineplex Inc (TSE:CGX)‘s stock had its “sector perform” rating reiterated by research analysts at Scotiabank in a research note issued to investors on Wednesday. They presently have a C$52.00 target price on the stock. Scotiabank’s target price suggests a potential upside of 5.82% from the stock’s previous close.
A number of other analysts have also weighed in on CGX. Royal Bank Of Canada decreased their target price on shares of Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Monday, August 15th. RBC Capital Markets decreased their target price on shares of Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 12th. Raymond James Financial Inc. upped their target price on shares of Cineplex from C$56.00 to C$58.00 in a report on Friday, August 12th. TD Securities reaffirmed a “buy” rating and set a C$58.00 target price on shares of Cineplex in a report on Tuesday, August 9th. Finally, National Bank Financial upped their target price on shares of Cineplex from C$56.00 to C$60.00 in a report on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$54.43.
Cineplex (TSE:CGX) traded up 0.43% during trading on Wednesday, hitting $49.35. 45,690 shares of the stock traded hands. Cineplex has a 12 month low of $44.67 and a 12 month high of $52.50. The stock has a market cap of $3.13 billion and a PE ratio of 24.56. The company has a 50-day moving average price of $50.30 and a 200-day moving average price of $50.79.
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Cineplex Inc is a Canada-based entertainment company. The Company operates through two segments: Exhibition and Media. The Exhibition segment offers box office services, food service, gaming services, theatre rentals and digital commerce rental and sales. The Media segment consists of Cineplex Media, which consists of in-theatre advertising, pre-show, showtime, magazine and lobby advertising, and Cineplex Digital Media (CDM), which is associated with the design, installation and operations of digital signage networks.
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