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Cineplex Inc
Symbol CGX
Shares Issued 63,333,238
Close 2021-02-12 C$ 11.80
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Globe says Cineplex maintained at "market perform"

2021-02-16 08:13 ET - In the News

The Globe and Mail reports in its Saturday, Feb. 13, edition that BMO Nesbitt Burns analyst Tim Casey continues to rate Cineplex ($11.80) "market perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Casey increased his share target by $5 to $12. Analysts on average target the shares at $10.64. Mr. Casey says in a note: "Operating results for Q4 are not meaningful given the severe impact shutdown measures have on indoor entertainment. However, the quarter provided more reassurances that creditors will continue to support and provide covenant relief measures until the business can operate in a somewhat normal environment." The Globe reported on Oct. 3 that Canaccord analyst Aravinda Galappatthige cut his Cineplex rating to "sell" from "hold." The shares were then going for $6.69. The Globe reported on Oct. 7 that CIBC analyst Robert Bek continued to rate Cineplex "neutral." The shares were then going for $4.83. The Globe reported on Nov. 20 that Scotia Capital cut Cineplex to "sector perform" from "sector outperform." It was then worth $9.12. The Globe reported on Jan. 27 that Mr. Bek continued to keep his Cineplex recommendation at "neutral." The shares could then be had for $11.50.

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