Royal Bank Of Canada Lowers Cineplex (TSE:CGX) Price Target to C$13.00

Cineplex (TSE:CGX) had its price target cut by equities research analysts at Royal Bank Of Canada from C$14.00 to C$13.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 31.45% from the stock’s previous close.

CGX has been the topic of several other research reports. TD Securities cut their target price on Cineplex from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Canaccord Genuity Group dropped their price target on Cineplex from C$13.00 to C$11.50 in a research note on Wednesday, January 14th. Finally, BMO Capital Markets lifted their price objective on shares of Cineplex from C$13.00 to C$14.00 in a research note on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$13.38.

Cineplex Trading Up 4.5%

CGX opened at C$9.89 on Tuesday. Cineplex has a twelve month low of C$8.40 and a twelve month high of C$12.72. The company has a fifty day moving average of C$10.69 and a 200-day moving average of C$11.32. The stock has a market cap of C$627.42 million, a PE ratio of -18.31, a price-to-earnings-growth ratio of 0.30 and a beta of -0.14. The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78.

Cineplex (TSE:CGX) last released its earnings results on Thursday, November 6th. The company reported C$0.02 earnings per share (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. On average, sell-side analysts predict that Cineplex will post 1.0754912 EPS for the current year.

Cineplex Company Profile

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.