Cineplex Inc (CGX) PT Raised to C$60.00
Cineplex Inc (TSE:CGX) had its price objective upped by Scotiabank from C$59.00 to C$60.00 in a report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 12.38% from the stock’s current price.
Several other research firms have also commented on CGX. Royal Bank of Canada reissued a “sector perform” rating and issued a C$53.00 price objective (down previously from C$54.00) on shares of Cineplex in a research note on Thursday, February 16th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$58.00 price objective on shares of Cineplex in a research note on Wednesday, April 19th. Canaccord Genuity raised their price objective on shares of Cineplex from C$55.00 to C$57.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. CIBC raised their price objective on shares of Cineplex from C$54.00 to C$55.00 in a research note on Wednesday. Finally, TD Securities reissued a “buy” rating and issued a C$60.00 price objective on shares of Cineplex in a research note on Monday, May 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Cineplex currently has a consensus rating of “Buy” and a consensus price target of C$57.75.
Shares of Cineplex (TSE:CGX) traded down 0.11% during trading on Wednesday, reaching $53.39. 69,249 shares of the company traded hands. The firm has a 50 day moving average of $51.61 and a 200 day moving average of $51.31. Cineplex has a 52 week low of $48.55 and a 52 week high of $54.81.
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In other news, Director Donna Marie Hayes purchased 550 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was bought at an average price of C$50.22 per share, for a total transaction of C$27,621.00.
Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.
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