Scotia Capital disclosed Cineplex Inc (TSE:CGX), boosting its price target to $52.00 earlier today
- Updated: September 21, 2016
Stating as potential upside of 0.05%, Scotia Capital upped the target price of Cineplex Inc (TSE:CGX) to $52.00
Previously on 08/26/2016, Scotia Capital released a statement about Cineplex Inc (TSE:CGX) increased the target price from $0.00 to $2.00. At the time, this indicated a possible downside of -0.96%.
Just yesterday Cineplex Inc (TSE:CGX) traded 0.43% higher at $49.44. Cineplex Inc’s 50-day moving average is $50.30 and its 200-day moving average is $50.79. The last stock price is down -2.84% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 37,959 shares of CGX traded hands, down from an average trading volume of 103,214
Recent Performance Chart
Cineplex Inc has 52 week low of $44.67 and a 52 week high of $52.50 with a PE ratio of 24.56 and has a market capitalization of $0.
In addition to Scotia Capital reporting its stock price target, a total of 1 brokerage has issued a research note on the company. The average stock price target is $65.00 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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