In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Cineplex (CGX). Analyst Drew Mcreynolds from RBC Capital reiterated a Buy rating, with a C$36 price target today.
According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 5.3% and a 54.6% success rate. Mcreynolds covers the Services sector, focusing on stocks such as Thomson Reuters Corp, Torstar Corp, and DHX Media.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cineplex with a C$34.83 average price target, implying a 21.3% upside from current levels. In a report issued on November 12, Canaccord Genuity also reiterated a Buy rating on the stock with a C$36 price target.
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Cineplex’s market cap is currently C$1.81B and has a P/E ratio of 26.6. The company has a Price to Book ratio of 2.60.
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.
