Cineplex (TSE:CGX) had its target price decreased by National Bank Financial from C$40.50 to C$38.00 in a report issued on Tuesday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 20.90% from the stock’s previous close.

CGX has been the topic of several other research reports. Raymond James Financial dropped their target price on shares of Cineplex from C$52.00 to C$46.00 and set an “outperform” rating on the stock in a report on Tuesday, September 26th. TD Securities dropped their target price on shares of Cineplex from C$52.00 to C$47.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Scotiabank restated an “outperform” rating and issued a C$46.00 target price on shares of Cineplex in a report on Wednesday, September 20th. Finally, BMO Capital Markets lowered shares of Cineplex from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$44.00 to C$37.00 in a report on Monday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cineplex presently has a consensus rating of “Buy” and an average target price of C$44.63.

Shares of Cineplex (TSE:CGX) traded down C$1.07 during trading hours on Tuesday, hitting C$31.43. 718,390 shares of the stock were exchanged, compared to its average volume of 256,767. The firm has a market capitalization of $1,990.00, a price-to-earnings ratio of 30.51 and a beta of 0.41. Cineplex has a 52 week low of C$31.41 and a 52 week high of C$54.81.

Cineplex (TSE:CGX) last issued its quarterly earnings results on Tuesday, November 7th. The company reported C$0.27 EPS for the quarter. Cineplex had a net margin of 4.65% and a return on equity of 9.62%.

In related news, insider Lorraine Marie Legault acquired 1,625 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were purchased at an average price of C$39.82 per share, for a total transaction of C$64,707.50. Also, insider Gordon Nelson acquired 4,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of C$36.00 per share, for a total transaction of C$144,000.00. In the last 90 days, insiders purchased 10,625 shares of company stock worth $394,058.

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About Cineplex

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.

Analyst Recommendations for Cineplex (TSE:CGX)

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