Trading Report: Today: Cineplex Inc (CGX) PT Raised to C$54.00

Today: Cineplex Inc (CGX) PT Raised to C$54.00

Cineplex Inc (TSE:CGX) had its price target lifted by equities research analysts at CIBC from C$52.00 to C$54.00 in a research note issued to investors on Monday. CIBC’s price target points to a potential upside of 6.70% from the stock’s current price.

A number of other research analysts have also weighed in on CGX. Scotiabank reaffirmed a “sector perform” rating on shares of Cineplex in a research note on Friday, August 26th. TD Securities reaffirmed a “buy” rating and issued a C$58.00 price objective on shares of Cineplex in a research note on Tuesday, August 9th. Royal Bank Of Canada dropped their price objective on shares of Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Monday, August 15th. RBC Capital Markets dropped their price objective on shares of Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Friday, August 12th. Finally, Raymond James Financial Inc. raised their price objective on shares of Cineplex from C$56.00 to C$58.00 in a research note on Friday, August 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Cineplex has a consensus rating of “Hold” and an average target price of C$55.14.

Shares of Cineplex (TSE:CGX) traded up 0.33% on Monday, reaching $50.64. 21,036 shares of the company were exchanged. Cineplex has a 12-month low of $44.67 and a 12-month high of $52.50. The company’s 50 day moving average is $50.95 and its 200 day moving average is $50.99. The firm has a market capitalization of $3.22 billion and a PE ratio of 24.13.

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