Cineplex Inc. (TSE:CGX) Receives Average Rating of “Buy” from Brokerages

Shares of Cineplex Inc. (TSE:CGX) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$18.64.

CGX has been the topic of several analyst reports. National Bankshares decreased their target price on shares of Cineplex from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Canaccord Genuity Group cut their target price on Cineplex from C$14.00 to C$11.00 in a research note on Thursday, April 10th.

Cineplex Price Performance

Shares of Cineplex stock opened at C$10.13 on Friday. 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. The firm has a market capitalization of C$639.73 million, a PE ratio of -17.04, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The business’s 50-day moving average price is C$9.57 and its 200-day moving average price is C$10.66. Cineplex has a 12 month low of C$7.10 and a 12 month high of C$13.09.

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.