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Cineplex (TSE:CGX) Price Target Cut to C$13.50 by Analysts at National Bankshares

Cineplex logo with Communication Services background

Cineplex (TSE:CGX - Get Free Report) had its price objective cut by equities researchers at National Bankshares from C$15.00 to C$13.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price indicates a potential upside of 47.54% from the company's previous close.

Separately, Canaccord Genuity Group upped their price target on Cineplex from C$12.50 to C$14.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Cineplex has an average rating of "Buy" and an average price target of C$18.64.

View Our Latest Stock Analysis on Cineplex

Cineplex Stock Up 5.9 %

CGX stock traded up C$0.51 during trading hours on Wednesday, reaching C$9.15. 380,655 shares of the stock were exchanged, compared to its average volume of 301,162. The firm's 50-day moving average is C$10.12 and its 200-day moving average is C$10.79. 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$577.84 million, a price-to-earnings ratio of -15.40, a PEG ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22.

Cineplex Company Profile

(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.

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