Cineplex (TSE:CGX) Price Target Raised to C$13.00

Key Points

• Cineplex's price target has been raised by Canaccord Genuity Group from C$11.00 to C$13.00, suggesting a potential upside of 9.61% from the company's previous closing price.
• National Bankshares has also adjusted its price objective on Cineplex to C$13.00 while maintaining an "outperform" rating, reflecting a consensus rating of "Moderate Buy" among analysts.
• Cineplex's shares traded down 0.9% to C$11.86, with a market cap of C$752.40 million and a twelve-month high of C$13.09, indicating fluctuating market performance.

Cineplex (TSE:CGX - Get Free Report) had its price target raised by investment analysts at Canaccord Genuity Group from C$11.00 to C$13.00 in a note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group's target price points to a potential upside of 9.61% from the company's previous close.

A number of other research firms have also recently commented on CGX. National Bankshares reduced their price objective on shares of Cineplex from C$13.50 to C$13.00 and set an "outperform" rating for the company in a research report on Tuesday, September 30th. Scotiabank raised their target price on Cineplex from C$12.00 to C$12.75 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$13.35.

Cineplex Trading Down 0.9%

Shares of CGX stock traded down C$0.11 on Friday, hitting C$11.86. The stock had a trading volume of 242,524 shares, compared to its average volume of 277,198. The company has a fifty day moving average price of C$11.54 and a two-hundred day moving average price of C$10.93. 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 cap of C$752.40 million, a P/E ratio of -12.48, a PEG ratio of 0.30 and a beta of 0.51. Cineplex has a twelve month low of C$8.40 and a twelve 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.

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