National Bankshares Lowers Cineplex (TSE:CGX) Price Target to C$13.50

Cineplex (TSE:CGX) had its price objective cut by analysts 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 currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 44.85% from the stock’s current price.

Separately, Canaccord Genuity Group raised their price target on shares of Cineplex from C$12.50 to C$14.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$19.07.

Cineplex Trading Up 1.9 %

Shares of TSE:CGX traded up C$0.17 on Wednesday, reaching C$9.32. 445,754 shares of the company traded hands, compared to its average volume of 278,632. The stock has a market capitalization of C$588.57 million, a P/E ratio of -15.68, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The business’s 50-day simple moving average is C$10.27 and its 200 day simple moving average is C$10.84. The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of -4,623.78. Cineplex has a 52 week low of C$7.10 and a 52 week high of C$13.09.

Cineplex Company Profile

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.