Raymond James Thinks Cineplex’s Stock is Going to Recover


Shares of Cineplex (CGX) were 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 5.5% and a 58.6% 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 Strong Buy with an average price target of C$31.

The company has a one-year high of C$36.65 and a one-year low of C$22.88. Currently, Cineplex has an average volume of 233K.

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$24.65, close to its 52-week low of C$22.88.

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