Cineplex Inc (CGX) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Cineplex Inc (TSE:CGX) have been given an average recommendation of “Buy” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$45.81.

Several research firms have recently commented on CGX. National Bank Financial lowered their price objective on shares of Cineplex from C$42.00 to C$40.50 and set a “sector perform” rating for the company in a research note on Wednesday, November 8th. TD Securities lowered their price objective on shares of Cineplex from C$47.00 to C$40.00 and set a “buy” rating for the company in a research note on Wednesday. Scotiabank lowered their price objective on shares of Cineplex from C$46.00 to C$45.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Raymond James Financial lowered their price objective on shares of Cineplex from C$52.00 to C$46.00 and set an “outperform” rating for the company in a research note on Tuesday, September 26th.

In other news, Director Sarabjit Marwah bought 5,000 shares of Cineplex stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of C$37.07 per share, with a total value of C$185,350.00. Also, insider Gordon Nelson bought 4,000 shares of Cineplex stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of C$36.00 per share, for a total transaction of C$144,000.00. In the last ninety days, insiders purchased 10,625 shares of company stock worth $394,058.

Cineplex (CGX) opened at C$33.61 on Friday. Cineplex has a 12 month low of C$33.07 and a 12 month high of C$54.81. The company has a market cap of $2,130.00, a P/E ratio of 32.63 and a beta of 0.41.

The company also recently announced 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 of this dividend is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 5.00%. Cineplex’s dividend payout ratio (DPR) is 159.71%.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://weekherald.com/2018/01/12/cineplex-inc-cgx-given-consensus-recommendation-of-buy-by-brokerages.html.

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.

Analyst Recommendations for Cineplex (TSE:CGX)

Receive News & Ratings for Cineplex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply