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Cineplex Inc (TSE:CGX) target price raised to $54.00, reported today by CIBC World Markets

In a report released on 11/28/2016 CIBC World Markets upped the price target of Cineplex Inc (TSE:CGX) from $52.00 to $54.00 stating a potential upside of 0.07%.

Previously on Wednesday February 10, 2016, RBC Capital Markets reported about Cineplex Inc (TSE:CGX) raised the target price from $51.00 to $52.00. At the time, this indicated a possible upside of 0.06%.

Yesterday Cineplex Inc (TSE:CGX) traded 0.37% higher at $50.62. The company’s 50-day moving average is $50.95 and its 200-day moving average is $50.99. The last stock close price is down -0.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 16,089 shares of the stock were exchanged, down from an average trading volume of 89,708

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Cineplex Inc (TSE:CGX)

Cineplex Inc has a 52 week low of $44.67 and a 52 week high of $52.50 with a P/E ratio of 24.14 The company’s market cap is currently $0.

In addition to CIBC World Markets reporting its target price, a total of 1 firm has issued a report on the stock. The consensus target price is $65.00 with 1 firm rating the stock a strong buy, 6 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Cineplex Inc (TSE:CGX)

Cineplex Inc. is a Canada-based entertainment company. The Company operates through two segments: Exhibition and Media. The Exhibition segment offers box office services, food service, gaming services, theatre rentals and digital commerce rental and sales. The Media segment consists of Cineplex Media, which consists of in-theatre advertising, pre-show, showtime, magazine and lobby advertising, and Cineplex Digital Media (CDM), which is associated with the design, installation and operations of digital signage networks. The Company's businesses include film entertainment and content, including theatrical exhibition, food services, alternative programming, and the online sale of entertainment content; media, including Cineplex Media and CDM, and amusement gaming and leisure, including Cineplex Starburst Inc., The Rec Room and World Gaming Network Limited Partnership. The Company owns interests in over 1,650 screens in over 160 theatres.

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