Cineplex Inc. (TSE:CGX) Stock Rated "Buy" by Sell-Side Analysts

Key Points

• Cineplex has a consensus “Buy” rating from six analysts: four buys, one hold, and one strong buy. The average 12-month price target is C$14.46, above the reported trading price of C$12.93.
• Several brokerages raised their price targets, including RBC Dominion Securities to C$16.00, Royal Bank of Canada to C$15.00, and Scotiabank to C$13.50; TD Securities upgraded the stock to “strong buy.”
• Cineplex reported quarterly revenue of C$383.72 million and earnings of C$0.12 per share, while analysts expect full-year earnings of C$1.08 per share. The company operates 169 Canadian movie theatres and location-based entertainment venues.

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) have earned a consensus rating of "Buy" from the six analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$14.46.

CGX has been the subject of a number of research reports. Canaccord Genuity Group increased their target price on Cineplex from C$11.50 to C$12.25 and gave the stock a "hold" rating in a research note on Monday, October 19th. Royal Bank Of Canada upped their target price on shares of Cineplex from C$14.00 to C$15.00 and gave the company an "outperform" rating in a report on Tuesday, September 15th. Scotiabank boosted their target price on Cineplex from C$12.00 to C$13.50 and gave the stock a "sector outperform" rating in a report on Wednesday, August 12th. RBC Dominion Securities increased their price target on shares of Cineplex from C$15.00 to C$16.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, TD Securities upgraded shares of Cineplex to a "strong-buy" rating in a research note on Friday, July 24th.

Cineplex Trading Up 0.1%

Shares of Cineplex stock traded up C$0.01 during trading on Wednesday, reaching C$12.93. 113,712 shares of the company were exchanged, compared to its average volume of 303,331. The company has a quick ratio of 0.22, a current ratio of 0.44 and a debt-to-equity ratio of -1,865.57. The firm has a market capitalization of C$814.63 million, a price-to-earnings ratio of -64.65, a P/E/G ratio of 0.30 and a beta of 0.35. The business has a 50-day moving average price of C$12.50 and a 200-day moving average price of C$11.38. Cineplex has a twelve month low of C$9.15 and a twelve month high of C$13.38.

Cineplex (TSE:CGX - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. The business had revenue of C$383.72 million for the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. Sell-side analysts anticipate that Cineplex will post 1.08 EPS for the current fiscal year.

Cineplex Company Profile

Cineplex TSX: CGX is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada's largest and most innovative film exhibitor, the company operates Canada's favourite destination for 'Eats & Entertainment' (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).

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