Cineplex Inc (TSE:CGX) has received an average rating of “Buy” from the seven analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$31.08.

Several equities analysts recently commented on the stock. National Bank Financial increased their price objective on shares of Cineplex from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Echelon Wealth Partners reissued a “buy” rating on shares of Cineplex in a research note on Tuesday, April 30th. Raymond James set a C$31.00 price target on shares of Cineplex and gave the company an “outperform” rating in a research note on Tuesday, June 25th. TD Securities dropped their price target on shares of Cineplex from C$33.00 to C$32.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, CIBC raised their price target on shares of Cineplex from C$27.50 to C$28.50 in a research note on Friday, August 9th.

TSE:CGX traded up C$0.14 on Friday, hitting C$25.47. The company had a trading volume of 86,600 shares, compared to its average volume of 247,555. The stock has a market capitalization of $1.61 billion and a price-to-earnings ratio of 32.65. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 329.31. The firm has a 50 day moving average of C$23.84 and a two-hundred day moving average of C$24.57. Cineplex has a 52 week low of C$22.34 and a 52 week high of C$36.65.

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.80 annualized dividend and a dividend yield of 7.07%. This is an increase from Cineplex’s previous monthly dividend of $0.15. Cineplex’s dividend payout ratio (DPR) is presently 224.36%.

Cineplex Company Profile

Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.

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Analyst Recommendations for Cineplex (TSE:CGX)

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