Brokerages Set Cineplex Inc. (TSE:CGX) Target Price at C$12.67

Cineplex Inc. (TSE:CGX - Get Free Report) has received a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$12.67.

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Separately, Scotiabank dropped their target price on shares of Cineplex from C$11.00 to C$10.00 and set a "sector perform" rating for the company in a research report on Monday, June 17th.

Read Our Latest Report on CGX

Cineplex Trading Down 0.2 %

TSE:CGX traded down C$0.02 during trading hours on Friday, hitting C$8.45. 225,165 shares of the stock were exchanged, compared to its average volume of 375,719. The company's 50 day moving average is C$8.03 and its two-hundred day moving average is C$8.00. Cineplex has a twelve month low of C$7.10 and a twelve month high of C$9.76. The company has a quick ratio of 0.22, a current ratio of 0.41 and a debt-to-equity ratio of 30,533.69. The company has a market capitalization of C$538.10 million, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 0.30 and a beta of 2.79.

Cineplex (TSE:CGX - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported C($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.15) by C($0.41). The business had revenue of C$294.76 million during the quarter, compared to analysts' expectations of C$292.60 million. On average, sell-side analysts anticipate that Cineplex will post 0.4906231 earnings per share for the current fiscal year.

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About Cineplex

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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.

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