Analysts have been quite happy with Cineplex (CGX) stock lately, as after National Bank and RBC Capital rated the stock a Buy this past month, there is another positive note, this time from Canaccord Genuity. Analyst Aravinda Galappatthige remains bullish on the stock and has a C$36 price target.
According to TipRanks.com, Galappatthige is a 2-star analyst with an average return of 0.6% and a 55.6% success rate. Galappatthige covers the Services sector, focusing on stocks such as Shaw Communications Inc, Thomson Reuters Corp, and IMAX Corp.
Currently, the analyst consensus on Cineplex is a Strong Buy with an average price target of C$37.20.
Cineplex’s market cap is currently C$2.25B and has a P/E ratio of 25.9. The company has a Price to Book ratio of 3.24.
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 Monday at C$35.60.
