Raymond James Thinks Cineplex’s Stock is Going to Recover


A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Raymond James’ analyst Kenric Tyghe reiterates their Buy rating on the shares of Cineplex (CGX), with a C$34 price target.

According to TipRanks.com, Tyghe is ranked #3612 out of 5100 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cineplex with a C$34.57 average price target.

Cineplex’s market cap is currently C$1.53B and has a P/E ratio of 19.8. The company has a Price to Book ratio of 2.24.

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 Tuesday at C$24.93, close to its 52-week low of C$24.09.

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