Cineplex (TSE:CGX) PT Lowered to C$11.50 at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price target lowered by Canaccord Genuity Group from C$12.00 to C$11.50 in a research report released on Wednesday morning, BayStreet.CA reports.

CGX has been the subject of a number of other reports. Scotiabank raised their price target on shares of Cineplex from C$10.00 to C$12.00 and gave the company an outperform rating in a report on Monday, August 12th. TD Securities increased their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the company a buy rating in a research note on Friday, August 16th. Royal Bank of Canada reduced their price objective on shares of Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Finally, Desjardins increased their price objective on shares of Cineplex from C$52.00 to C$53.00 and gave the company a buy rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$18.64.

Cineplex Price Performance

CGX opened at C$10.76 on Wednesday. The company has a fifty day simple moving average of C$10.18 and a 200 day simple moving average of C$8.74. The firm has a market cap of C$685.20 million, a price-to-earnings ratio of -9.61, a PEG ratio of 0.30 and a beta of 2.75. Cineplex has a twelve month low of C$7.10 and a twelve month high of C$11.16. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69.

Cineplex (TSE:CGX) last released its quarterly earnings results on Friday, August 9th. The company reported C($0.33) earnings per share for the quarter. The company had revenue of C$277.34 million for the quarter, compared to analyst estimates of C$283.90 million. Equities research analysts expect that Cineplex will post 1.0993852 EPS for the current fiscal year.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.