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Cineplex (TSE:CGX) Price Target Raised to C$12.75

Cineplex logo with Communication Services background

Key Points

  • Scotiabank raised its price target for Cineplex to C$12.75, indicating a potential upside of 20.74% from the current stock price.
  • Royal Bank Of Canada has also increased its target price on Cineplex, now set at C$14.00.
  • Cineplex shares traded down 1.6% to C$10.56, with a market capitalization of C$666.88 million.
  • Want stock alerts on Cineplex? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Cineplex (TSE:CGX - Get Free Report) had its price target upped by investment analysts at Scotiabank from C$12.00 to C$12.75 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Scotiabank's price objective suggests a potential upside of 20.74% from the stock's current price.

Separately, Royal Bank Of Canada raised their target price on Cineplex from C$13.00 to C$14.00 in a research report on Monday, May 12th.

Check Out Our Latest Analysis on Cineplex

Cineplex Trading Down 1.6%

TSE:CGX traded down C$0.17 during trading hours on Wednesday, hitting C$10.56. 424,123 shares of the company were exchanged, compared to its average volume of 266,121. The stock has a market capitalization of C$666.88 million, a price-to-earnings ratio of -17.77, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. 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 has a one year low of C$8.40 and a one year high of C$13.09. The company has a fifty day simple moving average of C$11.24 and a 200 day simple moving average of C$10.56.

About Cineplex

(Get Free Report)

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.

Further Reading

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