Cineplex Inc. (TSE:CGX) Receives Average Recommendation of "Buy" from Brokerages

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) have earned a consensus recommendation of "Buy" from the six ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$18.64.

Several equities research analysts recently issued reports on CGX shares. Canaccord Genuity Group dropped their price target on shares of Cineplex from C$14.00 to C$11.00 in a research note on Thursday. National Bankshares dropped their target price on Cineplex from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th.

Cineplex Stock Up 5.9 %

Shares of CGX traded up C$0.51 during mid-day trading on Wednesday, reaching C$9.15. 380,655 shares of the stock traded hands, compared to its average volume of 301,162. The stock has a fifty day simple moving average of C$10.12 and a 200 day simple moving average of 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 quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78. The firm has a market cap of C$577.84 million, a price-to-earnings ratio of -15.40, a P/E/G ratio of 0.30 and a beta of 2.74.

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.