TD Securities announced Cineplex Inc (TSE:CGX), boosting its stock price target to $59.00 today
- Updated: September 23, 2016
Boasting a price of $50.43, Cineplex Inc (TSE:CGX) traded 0.50% higher on the day. With the last stock price close down -1.99% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cineplex Inc has recorded a 50-day average of $50.28 and a two hundred day average of $50.78. Volume of trade was down over the average, with 77,835 shares of CGX changing hands under the typical 104,181
In a report released on 09/23/2016 TD Securities increased the stock price target of Cineplex Inc (TSE:CGX) from $58.00 to $59.00 stating a potential upside of 0.17%.
On 9/22/2016, Scotia Capital released a statement for Cineplex Inc (TSE:CGX) bumped up the target price from $0.00 to $52.00 that suggested an upside of 0.05%.
With a total market value of $0, Cineplex Inc has price-earnings ratio of 24.77 with a one year low of $44.67 and a one year high of $52.50 .
A total of 1 equity analyst has released a research note on CGX. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $65.00.
More 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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