Cineplex (CGX), the Services sector company, was revisited by a Wall Street analyst today. Raymond James’ analyst Kenric Tyghe reiterates their Buy rating on the shares, with a C$31 price target.
According to TipRanks.com, Tyghe is a 4-star analyst with an average return of 5.3% and a 62.7% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.
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Cineplex has an analyst consensus of Moderate Buy, with a price target consensus of C$32, representing a 22.2% upside. In a report issued on May 1, RBC Capital also reiterated a Buy rating on the stock with a C$34 price target.
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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 Friday at C$26.18.
