Shares of Cineplex Inc. (TSE:CGX – Get Rating) have been assigned an average recommendation of "Buy" from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$15.97.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Cineplex from a "sector perform" rating to an "outperform" rating and lowered their price target for the company from C$15.00 to C$14.00 in a report on Monday, September 12th. TD Securities lowered their price target on shares of Cineplex from C$18.50 to C$17.50 and set a "buy" rating for the company in a report on Monday, August 22nd. BMO Capital Markets lowered their price target on shares of Cineplex from C$15.00 to C$12.00 in a report on Monday, September 12th. Canaccord Genuity Group lowered their price target on shares of Cineplex from C$18.00 to C$16.00 in a report on Wednesday, August 3rd. Finally, Scotiabank decreased their price objective on shares of Cineplex from C$16.00 to C$14.75 in a report on Thursday, August 18th.

Cineplex Price Performance

CGX opened at C$8.76 on Friday. The company has a fifty day simple moving average of C$9.91 and a 200 day simple moving average of C$11.47. The firm has a market cap of C$555.06 million and a price-to-earnings ratio of -2.75. Cineplex has a twelve month low of C$8.12 and a twelve month high of C$15.75. The company has a current ratio of 0.27, a quick ratio of 0.18 and a debt-to-equity ratio of 7,933.30.

About Cineplex

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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