Shares of Cineplex Inc (TSE:CGX) have been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$44.31.
Several research firms have recently commented on CGX. TD Securities dropped their target price on shares of Cineplex from C$52.00 to C$47.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Scotiabank lowered their price target on shares of Cineplex from C$46.00 to C$45.00 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. BMO Capital Markets cut shares of Cineplex from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$44.00 to C$37.00 in a research report on Monday, January 15th. Finally, National Bank Financial lowered their price target on shares of Cineplex from C$42.00 to C$40.50 and set a “sector perform” rating for the company in a research report on Wednesday, November 8th.
Shares of Cineplex (TSE:CGX) opened at C$30.76 on Tuesday. Cineplex has a 12-month low of C$29.25 and a 12-month high of C$54.81. The company has a market cap of $1,990.00, a PE ratio of 30.58 and a beta of 0.25.
Cineplex (TSE:CGX) last posted its earnings results on Tuesday, November 7th. The company reported C$0.27 EPS for the quarter. Cineplex had a net margin of 4.65% and a return on equity of 9.62%. The firm had revenue of C$370.45 million during the quarter, compared to analysts’ expectations of C$372.68 million.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, January 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.68 dividend on an annualized basis and a yield of 5.46%. Cineplex’s dividend payout ratio (DPR) is currently 159.71%.
In other news, insider Lorraine Marie Legault acquired 1,625 shares of Cineplex stock in a transaction on Friday, December 15th. The stock was acquired at an average cost of C$39.82 per share, for a total transaction of C$64,707.50. Also, insider Gordon Nelson acquired 4,000 shares of Cineplex stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of C$36.00 per share, with a total value of C$144,000.00. Over the last three months, insiders have purchased 10,625 shares of company stock valued at $394,058.
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Cineplex Company Profile
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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