TD Securities Cuts Cineplex (TSE:CGX) Price Target to C$16.00

Cineplex (TSE:CGX) had its price target reduced by TD Securities from C$17.00 to C$16.00 in a report published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

CGX has been the topic of a number of other reports. Canaccord Genuity Group dropped their price objective on shares of Cineplex from C$13.00 to C$11.50 in a research note on Wednesday, January 14th. BMO Capital Markets upped their price objective on Cineplex from C$13.00 to C$14.00 in a research note on Friday, October 17th. Royal Bank Of Canada set a C$14.00 target price on Cineplex and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, National Bankshares dropped their target price on Cineplex from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.54.

Cineplex Price Performance

CGX stock opened at C$10.44 on Friday. The company has a market capitalization of C$662.31 million, a P/E ratio of -19.33, a PEG ratio of 0.30 and a beta of 0.04. Cineplex has a twelve month low of C$8.40 and a twelve month high of C$12.72. The business has a 50 day simple moving average of C$11.24 and a 200-day simple moving average of C$11.46. The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of -4,623.78.

Cineplex (TSE:CGX) last announced its earnings results on Thursday, November 6th. The company reported C$0.02 EPS for the quarter. Cineplex had a negative net margin of 2.83% and a positive return on equity of 172.20%. The business had revenue of C$348.94 million for the quarter. As a group, equities analysts anticipate that Cineplex will post 1.0754912 EPS for the current year.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.