Cineplex (TSE:CGX) Price Target Cut to C$11.75 by Analysts at Canaccord Genuity Group

Cineplex (TSE:CGX – Get Rating) had its price objective cut by Canaccord Genuity Group from C$12.25 to C$11.75 in a report released on Wednesday morning, BayStreet.CA reports.

A number of other research firms also recently weighed in on CGX. National Bankshares cut their target price on Cineplex from C$15.50 to C$13.00 and set an outperform rating for the company in a research report on Monday, January 9th. TD Securities cut their target price on Cineplex from C$15.50 to C$13.00 and set a buy rating for the company in a research report on Tuesday. Finally, Scotiabank cut their target price on Cineplex from C$13.00 to C$11.50 in a research report on Friday, January 13th.

Cineplex Stock Performance

Shares of TSE CGX opened at C$7.92 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.22 and a debt-to-equity ratio of 7,933.30. The stock has a 50 day simple moving average of C$9.08 and a 200-day simple moving average of C$9.53. The company has a market cap of C$501.83 million and a PE ratio of -2.49. Cineplex has a 12-month low of C$7.30 and a 12-month high of C$14.10.

Cineplex (TSE:CGX – Get Rating) last released its earnings results on Thursday, November 10th. The company reported C($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.09) by C($0.12). The business had revenue of C$339.84 million during the quarter, compared to analysts’ expectations of C$330.60 million. On average, equities research analysts forecast that Cineplex will post 0.8872417 EPS for the current year.

Cineplex Company Profile

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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.