Cineplex Inc. (TSE:CGX) Receives C$12.88 Average PT from Brokerages

Cineplex Inc. (TSE:CGX) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$12.88.

CGX has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Cineplex from C$11.50 to C$12.50 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Canaccord Genuity Group cut their price target on shares of Cineplex from C$13.75 to C$13.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Scotiabank boosted their price target on shares of Cineplex from C$11.00 to C$11.25 and gave the stock an “outperform” rating in a report on Friday, March 8th. Royal Bank of Canada cut their price target on shares of Cineplex from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Finally, National Bankshares cut their price target on shares of Cineplex from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a report on Tuesday, January 16th.

Insider Activity at Cineplex

In other news, Senior Officer Kevin David Watts acquired 3,200 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of C$7.92 per share, for a total transaction of C$25,344.00. In other news, Senior Officer Gordon Nelson acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of C$7.47 per share, for a total transaction of C$74,700.00. Also, Senior Officer Kevin David Watts purchased 3,200 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were bought at an average price of C$7.92 per share, for a total transaction of C$25,344.00. In the last three months, insiders have bought 14,500 shares of company stock worth $109,911. Company insiders own 1.52% of the company’s stock.

Cineplex Price Performance

CGX opened at C$8.87 on Monday. The company has a debt-to-equity ratio of 7,933.30, a current ratio of 0.55 and a quick ratio of 0.22. The company has a market capitalization of C$564.84 million, a price-to-earnings ratio of 4.93, a P/E/G ratio of 0.30 and a beta of 2.88. The firm’s fifty day moving average price is C$7.75 and its two-hundred day moving average price is C$8.17. Cineplex has a 1 year low of C$7.14 and a 1 year high of C$10.26.

Cineplex (TSE:CGX) last posted its quarterly earnings data on Thursday, February 8th. The company reported C($0.19) earnings per share (EPS) for the quarter. The business had revenue of C$315.08 million for the quarter, compared to analysts’ expectations of C$359.50 million. As a group, analysts anticipate that Cineplex will post 0.5121951 earnings per share for the current fiscal 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.