Cineplex Inc (TSE:CGX) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$31.08.
A number of brokerages have recently issued reports on CGX. CIBC upped their target price on shares of Cineplex from C$27.50 to C$28.50 in a report on Friday, August 9th. TD Securities dropped their target price on shares of Cineplex from C$33.00 to C$32.00 and set a “buy” rating on the stock in a report on Friday, August 9th. National Bank Financial upped their target price on shares of Cineplex from C$28.00 to C$29.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Cineplex in a report on Tuesday, April 30th. Finally, Raymond James set a C$31.00 target price on shares of Cineplex and gave the company an “outperform” rating in a report on Tuesday, June 25th.
Shares of CGX stock traded up C$0.14 on Friday, reaching C$25.47. The stock had a trading volume of 86,600 shares, compared to its average volume of 247,555. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 329.31. The firm’s 50-day moving average is C$23.84 and its two-hundred day moving average is C$24.57. The firm has a market capitalization of $1.61 billion and a price-to-earnings ratio of 32.65. Cineplex has a 12 month low of C$22.34 and a 12 month high of C$36.65.
The business also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were paid a $0.15 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a yield of 7.07%. This is a positive change from Cineplex’s previous monthly dividend of $0.15. Cineplex’s dividend payout ratio is 224.36%.
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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