A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Cineplex (CGX) received a Buy rating from Raymond James’ analyst Kenric Tyghe, with a C$31 price target.
According to TipRanks.com, Tyghe is a 3-star analyst with an average return of 3.5% and a 52.0% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cineplex with a C$31.71 average price target.
Based on Cineplex’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$27.18 million. In comparison, last year the company had a net profit of C$15.23 million.
Cineplex Inc. is engaged in the theatre operations business. It operates in the film entertainment and content, amusement and leisure, and media sectors.
The company’s shares closed on Tuesday at C$24.08, close to its 52-week low of C$22.88.
