In a latest note to investors, a research analyst has provided a rating update for the Cineplex (CGX). Analyst Kenric Tyghe from Raymond James remains bullish on the stock and has a C$31 price target.
According to TipRanks.com, Tyghe is a 4-star analyst with an average return of 5.7% and a 60.2% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.
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Currently, the analyst consensus on Cineplex is a Moderate Buy with an average price target of C$31.71.
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$25.66.
