Full Answer
What is the upside for Cineplex stock?
Their forecasts range from C$12.00 to C$19.50. On average, they anticipate Cineplex's share price to reach C$16.50 in the next twelve months. This suggests a possible upside of 26.6% from the stock's current price.
What is the target price for Cineplex?
On average, they anticipate Cineplex's share price to reach C$16.50 in the next twelve months. This suggests a possible upside of 26.6% from the stock's current price. View analysts' price targets for Cineplex or view top-rated stocks among Wall Street analysts. Who are Cineplex's key executives? Mr. Fabrizio Stanghieri, Exec.
What is Cineplex's (CGX) stock price?
What is Cineplex's stock price today? One share of CGX stock can currently be purchased for approximately C$7.72.
Is Cineplex a buy or sell on Yahoo Canada finance?
- Yahoo Canada Finance Cineplex has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings. According to analysts' consensus price target of C$16.50, Cineplex has a forecasted upside of 26.6% from its current price of C$13.03.
Why did Cineplex drop?
Cineplex reports a first-quarter loss despite revenue soaring as customers return to theatres. Cineplex Inc. reported a first-quarter loss of $42.2 million in its latest quarter as its revenue soared with customers returning to movie theatres.
What is the prediction for Cineplex stock?
Based on 4 Wall Street analysts offering 12 month price targets for Cineplex in the last 3 months. The average price target is C$16.87 with a high forecast of C$19.50 and a low forecast of C$15.00. The average price target represents a 53.64% change from the last price of C$10.98.
Should I sell my Cineplex stock?
Cineplex Inc(CGX-T) Frequently Asked Questions In the last year, 6 stock analysts published opinions about CGX-T. 3 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock.
Does Cineplex pay dividends?
Cineplex (TSE:CGX) does not pay a dividend.
Is Cineworld publicly traded?
It is listed on the London Stock Exchange. In October 2020, Cineworld temporarily closed its cinemas in the UK, Ireland, and the United States, citing the delay of tentpole films due to the impact of the COVID-19 pandemic on cinema; they reopened in May 2021.
Is Cineplex a buy?
At writing, Cineplex stock is trading for $12.84 per share, and it is up by 31.83% year over year. The S&P/TSX Composite Index has gained 17.50% during the same time, and Cineplex stock has managed to outperform the broader Canadian market.
Is AC a good stock to buy?
In the last year, 27 stock analysts published opinions about AC-T. 18 analysts recommended to BUY the stock. 7 analysts recommended to SELL the stock. The latest stock analyst recommendation is .
What is the best Canadian dividend stock?
Canada's Dividend AristocratsBank of Montreal.Summit Industrial Income REIT.Killam Apartment.Telus Corp.BCE Inc.TransAlta Renewables.Algonquin Power & Utilities.Brookfield Renewable Partners.More items...•
Who owns Cineplex in Canada?
Cineplex Odeon CorporationLogo used by Cineplex for Cineplex OdeonFormerlyCineplex Corporation Cineplex Odeon Corporation Loews Cineplex Entertainment Corporation of CanadaParentMCA Inc./Universal Studios (1986–1998) Loews Cineplex Entertainment (1998–2003) Cineplex Entertainment (2003–present)9 more rows
Is Cineplex a Canadian company?
Cineplex is a leading Canadian company that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. It offers a unique escape through its theatres and entertainment venues, and is a joint venture partner in Scene+, Canada's largest entertainment loyalty program.
Should I buy or sell Cineplex stock right now?
6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cineplex in the last twelve months. There are currently 2 hold ra...
What is Cineplex's stock price forecast for 2022?
6 Wall Street research analysts have issued 12 month price objectives for Cineplex's shares. Their forecasts range from C$15.00 to C$19.50. On aver...
How has Cineplex's stock performed in 2022?
Cineplex's stock was trading at C$13.61 at the beginning of the year. Since then, CGX shares have decreased by 13.7% and is now trading at C$11.75....
When is Cineplex's next earnings date?
Cineplex is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecast for Cineplex .
How were Cineplex's earnings last quarter?
Cineplex Inc. (TSE:CGX) issued its quarterly earnings results on Friday, May, 13th. The company reported ($0.67) earnings per share (EPS) for the q...
Who are Cineplex's key executives?
Cineplex's management team includes the following people: Mr. Ellis Jacob CMA , F.C.A., F.C.M.A., FCA, FCPA, MBA, Pres, CEO & Director (Age 68,...
Who are some of Cineplex's key competitors?
Some companies that are related to Cineplex include ITV (ITV) , Entertainment One (ETO) , Royal Mail (RMG) , Greene King (GNK) , Serco Group (...
What other stocks do shareholders of Cineplex own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Cineplex investors own include Intact Financial (IFC) , C...
What is Cineplex's stock symbol?
Cineplex trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CGX."
Revenue and Sales Growth
Is Declining Theatre Attendance A Massive Threat?
- Investors are worried about the gradual decline in theatre attendance. The cord-cutting phenomenon rising popularity of online streaming services are driving cinema footfalls lower. Cineplex is seeking to diversify revenue streams from its Rec Room business and other entertainment offerings instead of banking on just Hollywood movies for growth. Cineplex and o…
Is Cineplex’s High Dividend Yield Enough to Attract Investors?
- Cineplex has a dividend yield of close to 8% — a yield that’s more than doubled in recent years driven by the company’s massive fall in its share price. The dividend payout stands at over 100% and Cineplex is unlikely to increase dividends in the near future. Cineplex’s high debt balance of $2 billion might concern investors given that it’s almost twice the company’s market cap. Will the hi…
The Verdict
- Stocks such as Cineplex will also do well in a recessionary environment where the unemployment rate rises and people tend to spend more on recreational activities. But the high expected growth in online streaming will seize viewership from theatres. The streaming space has attracted major players such as Disney, Apple, and WarnerMedia in recent tim...