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$31 price target.
According to TipRanks.com, Tyghe is a 4-star analyst with an average return of 5.3% and a 53.0% 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$31.25.
Based on Cineplex’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$7.35 million. In comparison, last year the company had a net profit of C$15.23 million.
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$22.56, close to its 52-week low of C$22.34.
