Citigroup Cuts Cineplex (OTCMKTS:CPXGF) Price Target to $8.00

Cineplex (OTCMKTS:CPXGF) had its price objective reduced by stock analysts at Citigroup from $10.00 to $8.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm currently has an “underperform” rating on the stock. Citigroup‘s price target would indicate a potential upside of 13.48% from the company’s previous close.

A number of other analysts have also recently commented on the stock. BMO Capital Markets lowered their target price on shares of Cineplex from $34.00 to $15.00 and set a “market perform” rating for the company in a research note on Monday, June 15th. Canaccord Genuity restated a “buy” rating and set a $17.00 price objective on shares of Cineplex in a research note on Monday, June 15th. Scotiabank assumed coverage on shares of Cineplex in a research note on Thursday, June 25th. They issued an “outperform” rating and a $15.00 target price for the company. TD Securities upgraded shares of Cineplex to a “hold” rating and set a $15.00 target price for the company in a research note on Monday, June 15th. Finally, CIBC decreased their target price on shares of Cineplex from $34.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.14.

CPXGF stock traded down $0.55 during trading on Tuesday, reaching $7.05. The company had a trading volume of 772 shares, compared to its average volume of 14,223. The firm has a 50-day simple moving average of $9.68 and a 200-day simple moving average of $16.63. Cineplex has a twelve month low of $4.00 and a twelve month high of $26.19.

Cineplex Company Profile

Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.

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The Fly

Analyst Recommendations for Cineplex (OTCMKTS:CPXGF)

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