In a latest note to investors, a research analyst has provided a rating update for the Cineplex (CGX). Today, analyst Kenric Tyghe gave a Buy rating to CGX and set a C$31 price target.
According to TipRanks.com, Tyghe is a 4-star analyst with an average return of 4.1% and a 52.3% 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.
Cineplex’s market cap is currently C$1.48B and has a P/E ratio of 26.6. The company has a Price to Book ratio of 2.25.
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$22.89, close to its 52-week low of C$22.49.
