Cineplex Inc (CGX) to Release Earnings on Wednesday
Cineplex Inc (TSE:CGX) will be releasing its earnings data before the market opens on Wednesday, August 2nd.
Shares of Cineplex Inc (TSE CGX) traded down 1.12% during mid-day trading on Thursday, reaching $49.39. The company’s stock had a trading volume of 126,203 shares. The company’s 50-day moving average is $51.82 and its 200 day moving average is $51.75. The firm has a market cap of $3.14 billion and a price-to-earnings ratio of 38.68. Cineplex Inc has a 12 month low of $48.55 and a 12 month high of $54.81.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, July 31st will be given a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, July 27th.
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A number of equities analysts have issued reports on the stock. Scotiabank decreased their price objective on shares of Cineplex from C$60.00 to C$57.00 and set an “outperform” rating on the stock in a research report on Thursday, July 20th. National Bank Financial cut shares of Cineplex from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$60.00 to C$56.00 in a research report on Friday, July 14th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$58.00 price objective on shares of Cineplex in a research report on Tuesday, June 27th. BMO Capital Markets reiterated an “outperform” rating and set a C$58.00 price target on shares of Cineplex in a research report on Monday, June 19th. Finally, CIBC boosted their price target on shares of Cineplex from C$54.00 to C$55.00 in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$56.88.
Cineplex Company Profile
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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