Cineplex Inc (CGX) Rating Reiterated by Scotiabank
Cineplex Inc (TSE:CGX)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Scotiabank in a research report issued on Wednesday. They presently have a C$52.00 price objective on the stock. Scotiabank’s price target suggests a potential upside of 5.82% from the company’s previous close.
CGX has been the subject of several other research reports. National Bank Financial raised their price target on Cineplex from C$56.00 to C$60.00 in a report on Wednesday, July 6th. Royal Bank Of Canada lowered their price target on Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating for the company in a report on Monday, August 15th. RBC Capital Markets lowered their price target on Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating for the company in a report on Friday, August 12th. Raymond James Financial Inc. lifted their target price on Cineplex from C$56.00 to C$58.00 in a report on Friday, August 12th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$54.43.
Shares of Cineplex (TSE:CGX) traded up 0.61% during midday trading on Wednesday, reaching $49.44. 35,824 shares of the company’s stock were exchanged. Cineplex has a one year low of $44.67 and a one year high of $52.50. The company’s 50-day moving average is $50.30 and its 200-day moving average is $50.79. The stock has a market cap of $3.14 billion and a P/E ratio of 24.61.
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Cineplex Company Profile
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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