A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Analyst Kenric Tyghe from Raymond James remains bullish on Cineplex (CGX) and has a C$34 price target.
According to TipRanks.com, Tyghe is ranked #1485 out of 4891 analysts.
Cineplex has an analyst consensus of Moderate Buy, with a price target consensus of C$34.83, implying a 21.3% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$36 price target.
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Based on Cineplex’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$10.28 million. In comparison, last year the company had a net profit of C$17.22 million.
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 Thursday at C$28.72, close to its 52-week low of C$27.56.
