In a new note to investors today, an analyst has provided a rating update for Cineplex (CGX). Analyst Robert Bek from CIBC remains neutral on the stock and has a C$33 price target.
According to TipRanks.com, Bek is ranked #694 out of 4891 analysts.
Currently, the analyst consensus on Cineplex is a Moderate Buy with an average price target of C$34.83, representing a 21.3% upside. In a report released today, National Bank also downgraded the stock to Hold with a C$30 price target.
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Cineplex’s market cap is currently C$1.81B and has a P/E ratio of 26.6. The company has a Price to Book ratio of 2.60.
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 Thursday at C$28.72, close to its 52-week low of C$27.56.
