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Cineplex Inc. (TSE:CGX) Director Sarabjit Marwah Sells 1,500 Shares

Cineplex logo with Communication Services background

Cineplex Inc. (TSE:CGX - Get Free Report) Director Sarabjit Marwah sold 1,500 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$12.27, for a total value of C$18,405.00.

Cineplex Price Performance

CGX stock traded up C$0.17 during mid-day trading on Monday, reaching C$12.52. 214,214 shares of the company traded hands, compared to its average volume of 348,083. Cineplex Inc. has a 52-week low of C$7.10 and a 52-week high of C$13.09. The company has a market capitalization of C$797.27 million, a P/E ratio of -11.18, a P/E/G ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.36 and a quick ratio of 0.22. The company has a fifty day moving average price of C$10.96 and a 200-day moving average price of C$9.91.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their target price on shares of Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$18.71.

Get Our Latest Stock Analysis on Cineplex

Cineplex Company Profile

(Get Free Report)

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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