Cineplex Inc (TSE:CGX) PT Lowered to C$57.00 at Scotiabank
Cineplex Inc (TSE:CGX) had its price target cut by research analysts at Scotiabank from C$60.00 to C$57.00 in a research report issued to clients and investors on Thursday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 14.32% from the company’s current price.
CGX has been the subject of several other reports. National Bank Financial cut Cineplex from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$60.00 to C$56.00 in a research note on Friday, July 14th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$58.00 target price on shares of Cineplex in a research note on Monday, April 10th. TD Securities reissued a “buy” rating and set a C$60.00 target price on shares of Cineplex in a research note on Monday, May 1st. BMO Capital Markets reissued an “outperform” rating and set a C$58.00 target price on shares of Cineplex in a research note on Wednesday, May 3rd. Finally, CIBC boosted their target price on Cineplex from C$54.00 to C$55.00 in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cineplex currently has an average rating of “Buy” and a consensus target price of C$56.88.
Shares of Cineplex (TSE CGX) traded down 0.34% during midday trading on Thursday, reaching $49.86. The company had a trading volume of 83,256 shares. Cineplex has a 52 week low of $48.55 and a 52 week high of $54.81. The company’s 50 day moving average price is $52.02 and its 200-day moving average price is $51.82. The company has a market capitalization of $3.17 billion and a P/E ratio of 39.04.
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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