Cineplex (TSE:CGX) Sets New 52-Week High - Should You Buy?

Key Points

• Cineplex shares reached a new 52-week high of C$13.38 before closing at C$12.83, above the previous close of C$12.74.
• Analyst sentiment is positive: Cineplex has a consensus “Buy” rating and an average price target of C$14.00, with several firms recently raising their targets and TD Securities issuing a “strong-buy” rating.
• The company reported quarterly revenue of C$383.72 million and EPS of C$0.12, but it continues to show financial risks, including a negative net margin, a quick ratio of 0.22 and a current ratio of 0.44.

Cineplex Inc. (TSE:CGX - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$13.38 and last traded at C$12.83, with a volume of 197935 shares. The stock had previously closed at C$12.74.

Analyst Ratings Changes

CGX has been the topic of several analyst reports. National Bank Financial lifted their target price on Cineplex from C$13.50 to C$14.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Royal Bank Of Canada raised their price objective on Cineplex from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 15th. Scotiabank lifted their price objective on Cineplex from C$12.00 to C$13.50 and gave the company a "sector outperform" rating in a research report on Wednesday, August 12th. Finally, TD Securities raised Cineplex to a "strong-buy" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cineplex has a consensus rating of "Buy" and an average price target of C$14.00.

Cineplex Price Performance

The company has a market cap of C$803.29 million, a P/E ratio of -63.75, a P/E/G ratio of 0.30 and a beta of 0.20. The company has a debt-to-equity ratio of -1,865.57, a quick ratio of 0.22 and a current ratio of 0.44. The firm's fifty day moving average is C$12.32 and its two-hundred day moving average is C$11.51.

Cineplex (TSE:CGX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.12 EPS for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%.The business had revenue of C$383.72 million for the quarter. As a group, analysts anticipate that Cineplex Inc. will post 1.0754912 earnings per share for the current fiscal year.

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. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.

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