Today, an analyst has provided a rating update for the Services sector company, Cineplex (CGX). National Bank’s analyst Adam Shine downgraded CGX to Hold , with a C$30 price target.
According to TipRanks.com, Shine is ranked #2079 out of 4891 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cineplex with a C$34.83 average price target, which is a 21.3% upside from current levels. In a report issued on November 5, CIBC also maintained a Hold rating on the stock with a C$36 price target.
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The company has a one-year high of C$39.99 and a one-year low of C$27.56. Currently, Cineplex has an average volume of 289.2K.
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.
