Cineplex (TSE:CGX) Upgraded by Royal Bank of Canada to “Outperform”

Royal Bank of Canada upgraded shares of Cineplex (TSE:CGXGet Rating) from a sector perform rating to an outperform rating in a report released on Monday, BayStreet.CA reports. They currently have C$14.00 target price on the stock, down from their prior target price of C$15.00.

A number of other research firms have also recently weighed in on CGX. Scotiabank cut their price target on Cineplex from C$16.00 to C$14.75 in a report on Thursday, August 18th. National Bankshares cut their price target on Cineplex from C$19.00 to C$15.50 and set an outperform rating for the company in a report on Tuesday, July 19th. BMO Capital Markets cut their price target on Cineplex from C$15.00 to C$12.00 in a report on Monday. Canaccord Genuity Group cut their price target on Cineplex from C$18.00 to C$16.00 in a report on Wednesday, August 3rd. Finally, TD Securities cut their price target on Cineplex from C$18.50 to C$17.50 and set a buy rating for the company in a report on Monday, August 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$15.97.

Cineplex Stock Performance

Shares of CGX stock opened at C$9.48 on Monday. The stock has a fifty day moving average price of C$10.40 and a 200 day moving average price of C$11.79. The stock has a market cap of C$600.68 million and a PE ratio of -2.98. Cineplex has a 1 year low of C$8.12 and a 1 year high of C$15.75. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.18 and a current ratio of 0.27.

Cineplex Company Profile

(Get Rating)

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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