Cineplex Stock Forecast Boosted by Royal Bank Of Canada

Cineplex (TSE:CGX) has received a positive forecast from Royal Bank Of Canada, which raised its price target for the company's stock from C$14.00 to C$15.00 in a recent research report.

The brokerage currently has an 'outperform' rating on the stock, indicating a potential upside of 19.52% from its current price of C$12.55.

This is not the only positive view on Cineplex's stock, as other analysts have also raised their target prices and ratings in recent weeks.