Cineplex (CGX) Receives a Buy from RBC Capital


In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Cineplex (TSX: CGX). On October 17, analyst Drew Mcreynolds gave a Buy rating to CGX and set a C$39 price target.

According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 6.7% and a 53.3% success rate. Mcreynolds covers the Services sector, focusing on stocks such as Points International, Thomson Reuters Corp, and DHX Media.

Read also: Why This Analyst Just Threw Cold Water on New Age Beverages (NBEV) Stock

Cineplex has an analyst consensus of Strong Buy, with a price target consensus of C$36.50, a 1.2% upside from current levels. In a report issued on October 16, National Bank also maintained a Buy rating on the stock with a C$36 price target.

.

Cineplex’s market cap is currently C$2.28B and has a P/E ratio of 26.9. The company has a Price to Book ratio of 3.28.

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 Friday at C$36.06.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts