On November 14, an analyst has provided a rating update for the Services sector company, Cineplex (CGX). Analyst Aravinda Galappatthige from Canaccord Genuity remains bullish on the stock and has a C$34 price target.
According to TipRanks.com, Galappatthige is a 3-star analyst with an average return of 0.9% and a 56.0% success rate. Galappatthige covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Shaw Communications Inc, and Thomson Reuters Corp.
Currently, the analyst consensus on Cineplex is a Moderate Buy with an average price target of C$34.33, implying a 22.0% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a C$36 price target.
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Cineplex’s market cap is currently C$1.82B and has a P/E ratio of 23.3. The company has a Price to Book ratio of 2.61.
Cineplex Inc. engages in the theatre operations business. Its subsidiaries include Cineplex Digital Solutions and Cineplex Digital Networks. The company was founded in 1912 and is headquartered in Toronto, Canada.
The company’s shares closed on Friday at C$28.14, close to its 52-week low of C$27.56.
