Cineplex (TSE:CGX) Price Target Raised to C$14.00

Cineplex (TSE:CGX - Get Free Report) had its price objective hoisted by equities researchers at Royal Bank of Canada from C$13.00 to C$14.00 in a research note issued on Monday,BayStreet.CA reports. Royal Bank of Canada's price target suggests a potential upside of 33.97% from the stock's current price.

Several other research firms also recently issued reports on CGX. National Bankshares cut their price objective on Cineplex from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Canaccord Genuity Group dropped their price objective on Cineplex from C$14.00 to C$11.00 in a report on Thursday, April 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$18.79.

Cineplex Price Performance

Shares of CGX traded up C$0.18 during trading hours on Monday, hitting C$10.45. 181,719 shares of the stock were exchanged, compared to its average volume of 271,901. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$13.09. The company has a market cap of C$659.94 million, a price-to-earnings ratio of -17.58, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The stock's 50-day moving average price is C$9.58 and its two-hundred day moving average price is C$10.65.

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.