In a latest note to investors, a research analyst has provided a rating update for the Cineplex (CGX). Scotiabank’s analyst Jeff Fan reiterates their Buy rating on the shares, with a C$37 price target.
According to TipRanks.com, Fan is a 4-star analyst with an average return of 4.2% and a 63.6% success rate. Fan covers the Technology sector, focusing on stocks such as Rogers Communication, AT&T Inc, and BCE Inc.
Cineplex has an analyst consensus of Moderate Buy, with a price target consensus of C$34.83, which is a 23.7% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a C$36 price target.
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Cineplex’s market cap is currently C$1.82B and has a P/E ratio of 21.4. The company has a Price to Book ratio of 2.66.
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 Friday at C$28.16, close to its 52-week low of C$27.56.
