Cineplex (TSE:CGX) Sets New 12-Month High – Still a Buy?

by · The Cerbat Gem

Cineplex Inc. (TSE:CGX – Get Free Report)’s stock price reached a new 52-week high on Monday. The stock traded as high as C$13.50 and last traded at C$13.45, with a volume of 156,528 shares changing hands. The stock had previously closed at C$12.99.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Scotiabank boosted their target price on shares of Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a report on Wednesday, August 12th. RBC Dominion Securities increased their price target on shares of Cineplex from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. National Bank Financial lifted their price objective on shares of Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada boosted their price objective on shares of Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Finally, TD Securities upgraded shares of Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$14.46.

Read Our Latest Stock Analysis on CGX

Cineplex Stock Performance

The company has a debt-to-equity ratio of -1,865.57, a current ratio of 0.44 and a quick ratio of 0.22. The stock has a 50-day moving average price of C$12.54 and a 200-day moving average price of C$11.41. The company has a market capitalization of C$842.98 million, a price-to-earnings ratio of -66.90, a PEG ratio of 0.30 and a beta of 0.35.

Cineplex (TSE:CGX – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. The business had revenue of C$383.72 million for the quarter. As a group, analysts forecast that Cineplex Inc. will post 1.08 earnings per share for the current year.

About Cineplex

(Get Free Report)

Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).

Further Reading