Shares of Cineplex Inc. (TSE:CGX – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$18.64.
CGX has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada decreased their target price on shares of Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. TD Securities raised 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. Canaccord Genuity Group decreased their price objective on shares of Cineplex from C$12.00 to C$11.50 in a report on Wednesday, September 25th. Finally, Desjardins lifted their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.
Get Our Latest Stock Report on CGX
Cineplex Stock Performance
Cineplex (TSE:CGX – Get Free Report) last released its quarterly earnings results on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The firm had revenue of C$277.34 million during the quarter, compared to analyst estimates of C$283.90 million. On average, equities research analysts expect that Cineplex will post 1.0749251 earnings per share for the current year.
Cineplex Company Profile
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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