Cineplex Inc. (TSE:CGX) Given Average Rating of "Buy" by Brokerages

Cineplex Inc. (TSE:CGX - Get Free Report) has earned a consensus rating of "Buy" from the six brokerages that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$18.79.

A number of research analysts have issued reports on the company. Canaccord Genuity Group reduced their price target on Cineplex from C$14.00 to C$11.00 in a research report on Thursday, April 10th. National Bankshares cut their price objective on Cineplex from C$15.00 to C$13.50 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Royal Bank Of Canada upped their price objective on Cineplex from C$13.00 to C$14.00 in a report on Monday, May 12th.

Cineplex Stock Performance

CGX stock traded up C$0.26 during trading on Monday, reaching C$11.34. 201,894 shares of the company's stock were exchanged, compared to its average volume of 254,562. 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 has a 1-year low of C$7.69 and a 1-year high of C$13.09. The company's fifty day moving average price is C$10.67 and its 200-day moving average price is C$10.77. The firm has a market cap of C$716.14 million, a PE ratio of -19.08, a P/E/G ratio of 0.30 and a beta of 2.74.

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.