Cineplex (TSE:CGX - Free Report) had its price target upped by Canaccord Genuity Group from C$11.50 to C$12.50 in a research note published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.
Separately, Canaccord Genuity Group upped their target price on Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$18.71.
Check Out Our Latest Stock Report on Cineplex
Cineplex Trading Down 2.2 %
Shares of CGX stock traded down C$0.25 during mid-day trading on Thursday, reaching C$10.98. The company's stock had a trading volume of 511,759 shares, compared to its average volume of 236,772. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69. The firm has a market capitalization of C$699.21 million, a PE ratio of -9.80, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The company's 50 day simple moving average is C$11.62 and its 200-day simple moving average is C$10.53. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$13.09.
Insider Buying and Selling at Cineplex
In other Cineplex news, Director Ellis Jacob sold 29,874 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total value of C$299,337.48. Insiders sold a total of 33,615 shares of company stock valued at $340,197 in the last ninety days. Insiders own 1.85% of the company's stock.
Cineplex Company Profile
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Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.
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