Cineplex Inc. (TSE:CGX) Given Average Rating of "Moderate Buy" by Analysts

Cineplex Inc. (TSE:CGX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$18.71.

A number of equities research analysts have weighed in on CGX shares. Canaccord Genuity Group boosted their target price on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. TD Securities lifted their price objective on Cineplex from C$14.00 to C$16.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Scotiabank raised their price target on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. 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 lifted their target price on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st.

Cineplex Price Performance

CGX stock traded up C$0.20 during midday trading on Thursday, reaching C$10.20. 291,304 shares of the stock were exchanged, compared to its average volume of 349,894. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.36 and a quick ratio of 0.22. The stock has a market capitalization of C$649.54 million, a PE ratio of -9.11, a P/E/G ratio of 0.30 and a beta of 2.74. Cineplex has a 52 week low of C$7.10 and a 52 week high of C$11.16. The company has a fifty day moving average price of C$10.50 and a 200 day moving average price of C$9.34.

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.