Raymond James Analysts Give Cineplex (CGX) a C$31.00 Price Target

Raymond James set a C$31.00 target price on Cineplex (TSE:CGX) in a report issued on Tuesday, April 30th, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CGX has been the topic of several other reports. National Bank Financial reduced their price target on Cineplex from C$28.00 to C$27.00 and set a sector perform rating on the stock in a research report on Wednesday, April 3rd. BMO Capital Markets reduced their price target on Cineplex from C$32.00 to C$30.00 and set a market perform rating on the stock in a research report on Tuesday, February 19th. TD Securities reduced their price target on Cineplex from C$36.00 to C$35.00 in a research report on Tuesday, February 19th. Finally, CIBC reduced their price target on Cineplex from C$33.00 to C$30.00 in a research report on Tuesday, February 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cineplex has an average rating of Buy and an average target price of C$30.93.

CGX stock traded down C$0.05 during midday trading on Tuesday, reaching C$24.99. 287,382 shares of the company’s stock traded hands, compared to its average volume of 249,400. The stock has a market capitalization of $1.60 billion and a price-to-earnings ratio of 28.79. The company has a debt-to-equity ratio of 318.99, a current ratio of 0.37 and a quick ratio of 0.27. Cineplex has a 1-year low of C$22.88 and a 1-year high of C$36.65.

Cineplex (TSE:CGX) last announced its quarterly earnings data on Friday, February 15th. The company reported C$0.43 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.51 by C($0.08). The business had revenue of C$428.18 million during the quarter, compared to analysts’ expectations of C$425.40 million. On average, equities analysts expect that Cineplex will post 0.90000002458057 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.74 annualized dividend and a yield of 6.96%. Cineplex’s dividend payout ratio is presently 199.88%.

About Cineplex

Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.

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Analyst Recommendations for Cineplex (TSE:CGX)

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