In a new note to investors today, an analyst has provided a rating update for Cineplex (CGX). National Bank’s analyst Adam Shine reiterates their Hold rating on the shares, with a C$29 price target.
According to TipRanks.com, Shine is a 3-star analyst with an average return of 3.1% and a 59.1% success rate. Shine covers the Services sector, focusing on stocks such as Thomson Reuters Corp, DHX Media, and Cineplex.
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Currently, the analyst consensus on Cineplex is a Moderate Buy with an average price target of C$34.43.
The company has a one-year high of C$36.65 and a one-year low of C$22.88. Currently, Cineplex has an average volume of 335.8K.
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 Wednesday at C$27.61.
