Cineplex (TSE:CGX) had its price objective reduced by Raymond James Financial from C$46.00 to C$40.00 in a research note published on Thursday. They currently have an outperform rating on the stock.
Other research analysts also recently issued research reports about the stock. BMO Capital Markets downgraded shares of Cineplex from an outperform rating to a market perform rating and dropped their target price for the stock from C$44.00 to C$37.00 in a report on Monday, January 15th. National Bank Financial dropped their target price on shares of Cineplex from C$40.50 to C$38.00 and set a sector perform rating on the stock in a report on Tuesday, January 16th. Scotiabank dropped their target price on shares of Cineplex from C$46.00 to C$45.00 and set an outperform rating on the stock in a report on Wednesday, January 10th. TD Securities dropped their target price on shares of Cineplex from C$47.00 to C$40.00 and set a buy rating on the stock in a report on Wednesday, January 10th. Finally, CIBC dropped their target price on shares of Cineplex from C$42.00 to C$32.00 in a report on Friday, February 16th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Cineplex presently has a consensus rating of Buy and a consensus price target of C$40.56.
Shares of Cineplex (TSE CGX) opened at C$31.53 on Thursday. Cineplex has a 52 week low of C$29.25 and a 52 week high of C$54.81. The stock has a market cap of $2,000.00, a price-to-earnings ratio of 30.61 and a beta of 0.25.
The company also recently announced a monthly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 29th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.68 annualized dividend and a yield of 5.33%. Cineplex’s dividend payout ratio (DPR) is presently 159.71%.
In other news, insider Lorraine Marie Legault bought 1,625 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of C$39.82 per share, for a total transaction of C$64,707.50.
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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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