Cineplex Inc (TSE:CGX) Receives C$56.88 Consensus PT from Analysts

Shares of Cineplex Inc (TSE:CGX) have received a consensus rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$50.50.

A number of analysts recently issued reports on CGX shares. Scotiabank increased their price target on shares of Cineplex from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. National Bank Financial downgraded shares of Cineplex from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$60.00 to C$56.00 in a report on Friday, July 14th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$58.00 price target on shares of Cineplex in a report on Wednesday, April 19th. TD Securities reissued a “buy” rating and set a C$60.00 price target on shares of Cineplex in a report on Monday, May 1st. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$58.00 price target on shares of Cineplex in a report on Wednesday, May 3rd.

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Shares of Cineplex (TSE:CGX) traded up 0.31% during mid-day trading on Friday, hitting $42.39. 50,116 shares of the stock traded hands. The firm has a 50 day moving average of $50.04 and a 200 day moving average of $51.30. Cineplex has a 12 month low of $41.50 and a 12 month high of $54.81. The stock has a market cap of $2.69 billion and a price-to-earnings ratio of 35.92.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, July 31st will be given a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, July 27th.

Cineplex Company Profile

Cineplex Inc operates motion picture theatre circuits in Canada and internationally. It operates through two segments, Exhibition and Media. The company engages in various businesses, including theatrical exhibition, food services, gaming, alternative programming, Cineplex digital solutions, and the online sale of home entertainment content through CineplexStore.com and on apps embedded in various electronic devices.

Analyst Recommendations for Cineplex (TSE:CGX)

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