Cineplex (CGX) PT Lowered to C$45.00 at Scotiabank

Cineplex (TSE:CGX) had its price objective lowered by Scotiabank from C$46.00 to C$45.00 in a research report released on Wednesday morning. Scotiabank currently has an outperform rating on the stock.

CGX has been the topic of a number of other research reports. Raymond James Financial dropped their price objective on shares of Cineplex from C$52.00 to C$46.00 and set an outperform rating on the stock in a report on Tuesday, September 26th. TD Securities dropped their price objective on shares of Cineplex from C$52.00 to C$47.00 and set a buy rating on the stock in a report on Wednesday, November 8th. Finally, National Bank Financial dropped their price objective on shares of Cineplex from C$42.00 to C$40.50 and set a sector perform rating on the stock in a report on Wednesday, November 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of C$45.81.

Shares of Cineplex (TSE CGX) opened at C$33.83 on Wednesday. Cineplex has a twelve month low of C$33.07 and a twelve month high of C$54.81. The firm has a market cap of $2,140.00, a PE ratio of 32.84 and a beta of 0.41.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a $0.14 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.97%. Cineplex’s dividend payout ratio (DPR) is presently 159.71%.

In related news, insider Gordon Nelson bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of C$36.00 per share, for a total transaction of C$144,000.00. Also, insider Lorraine Marie Legault bought 1,625 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average price of C$39.82 per share, with a total value of C$64,707.50. Insiders purchased a total of 10,625 shares of company stock valued at $394,058 in the last quarter.

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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.

Analyst Recommendations for Cineplex (TSE:CGX)

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