Cineplex Stock Price Target Boosted by Royal Bank of Canada

Royal Bank of Canada has increased its price objective for Cineplex (TSE:CGX) stock to C$14.00 from C$13.00 in a recent research note.

This is not the only upgrade for Cineplex, as National Bank Financial raised its target price on shares of the company from C$13.50 to C$14.00 and gave the stock an 'outperform' rating.

TD Securities also upgraded Cineplex to a 'strong-buy' rating in a research report last week, while Canaccord Genuity Group boosted its price target on shares of Cineplex from C$10.50 to C$11.50 and gave the stock a 'hold' rating.