Cineplex Inc. (TSE:CGX) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$18.71.

CGX has been the topic of a number of research reports. Canaccord Genuity Group boosted their price objective on Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. TD Securities boosted their price target on Cineplex from C$14.00 to C$16.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Finally, Scotiabank raised their price objective on shares of Cineplex from C$10.00 to C$12.00 and gave the company an "outperform" rating in a report on Monday, August 12th.

Cineplex Price Performance

Cineplex stock traded down C$0.25 during mid-day trading on Monday, reaching C$12.38. The company had a trading volume of 330,973 shares, compared to its average volume of 348,514. The business has a fifty day simple moving average of C$10.53 and a 200 day simple moving average of C$9.59. The company has a market cap of C$788.36 million, a P/E ratio of -11.28, a P/E/G ratio of 0.30 and a beta of 2.74. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69. Cineplex has a fifty-two week low of C$7.10 and a fifty-two week high of C$12.79.

Insiders Place Their Bets

In other Cineplex news, Director Ellis Jacob sold 29,874 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total transaction of C$299,337.48. Company insiders own 1.85% of the company's stock.

About Cineplex

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.