Cineplex (TSE:CGX) Price Target Cut to C$14.00 by Analysts at Royal Bank of Canada

Cineplex (TSE:CGX – Free Report) had its price target reduced by Royal Bank of Canada from C$15.00 to C$14.00 in a report published on Wednesday, BayStreet.CA reports.

Several other analysts have also recently weighed in on CGX. Canaccord Genuity Group raised their price objective on shares of Cineplex from C$12.25 to C$14.00 and gave the company a buy rating in a research report on Thursday, September 28th. National Bankshares raised their price target on shares of Cineplex from C$13.00 to C$14.50 and gave the stock an outperform rating in a report on Wednesday, September 27th.

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Cineplex Price Performance

Shares of TSE:CGX opened at C$8.16 on Wednesday. Cineplex has a 52 week low of C$7.30 and a 52 week high of C$10.83. The firm’s fifty day moving average is C$8.50 and its 200-day moving average is C$8.96. The firm has a market cap of C$517.18 million, a PE ratio of 3.53, a price-to-earnings-growth ratio of 0.30 and a beta of 2.82. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.22 and a current ratio of 0.38.

Cineplex (TSE:CGX – Get Free Report) last issued its quarterly earnings data on Thursday, August 10th. The company reported C$0.20 earnings per share (EPS) for the quarter. The business had revenue of C$423.12 million for the quarter, compared to analyst estimates of C$416.50 million. Sell-side analysts predict that Cineplex will post 1.0251572 earnings per share for the current year.

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 four segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location-Based Entertainment. The company engages in theatre exhibition and theatre food service activities.

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