Cineplex Inc (TSE:CGX) had its price objective trimmed by National Bank Financial from C$46.00 to C$42.00 in a research note published on Thursday morning, StockTargetPrices.com reports. The firm currently has a sector perform rating on the stock.
A number of other research analysts have also weighed in on CGX. Raymond James Financial, Inc. reissued an outperform rating and issued a C$58.00 target price on shares of Cineplex in a research note on Wednesday, April 19th. Scotiabank raised their target price on shares of Cineplex from C$57.00 to C$59.00 and gave the stock an outperform rating in a research note on Wednesday, April 26th. TD Securities reissued a buy rating and issued a C$60.00 target price on shares of Cineplex in a research note on Monday, May 1st. Royal Bank Of Canada raised their target price on shares of Cineplex from C$53.00 to C$54.00 and gave the stock a sector perform rating in a research note on Wednesday, May 3rd. Finally, BMO Capital Markets reissued an outperform rating and issued a C$58.00 target price on shares of Cineplex in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of C$50.50.
Shares of Cineplex (TSE:CGX) opened at 40.15 on Thursday. The firm’s 50-day moving average price is $48.06 and its 200-day moving average price is $50.84. Cineplex has a 12 month low of $40.09 and a 12 month high of $54.81. The stock has a market capitalization of $2.55 billion and a P/E ratio of 34.03.
The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, July 31st will be given a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Thursday, July 27th.
About Cineplex
Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.
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