Cineplex (TSE:CGX - Free Report) had its price objective hoisted by Canaccord Genuity Group from C$12.50 to C$14.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.
Separately, Canaccord Genuity Group upped their price objective on shares of Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$18.93.
Read Our Latest Research Report on Cineplex
Cineplex Stock Down 2.8 %
Shares of TSE:CGX traded down C$0.33 during trading hours on Wednesday, hitting C$11.26. The company's stock had a trading volume of 251,696 shares, compared to its average volume of 285,975. The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22. The company has a market capitalization of C$711.09 million, a price-to-earnings ratio of -18.95, a P/E/G ratio of 0.30 and a beta of 2.74. The firm's fifty day moving average price is C$11.74 and its 200 day moving average price is C$10.89. Cineplex has a 52 week low of C$7.10 and a 52 week high of C$13.09.
Insiders Place Their Bets
In other news, Director Ellis Jacob sold 29,874 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total transaction of C$299,337.48. Over the last quarter, insiders have sold 33,615 shares of company stock valued at $340,197. 1.85% of the stock is owned by corporate insiders.
Cineplex Company Profile
(
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Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.
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