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

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$18.71.

A number of equities research analysts have commented on CGX shares. Canaccord Genuity Group raised their target price on Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. Canaccord Genuity Group upped their target price on Cineplex from C$11.50 to C$12.50 and gave the company a "buy" rating in a report on Thursday, January 16th.

Cineplex Stock Performance

Shares of TSE:CGX traded down C$0.10 during midday trading on Tuesday, hitting C$10.97. The stock had a trading volume of 508,155 shares, compared to its average volume of 217,399. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$13.09. 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. The stock has a 50 day moving average price of C$11.81 and a two-hundred day moving average price of C$10.72. The company has a market capitalization of C$698.57 million, a PE ratio of -9.79, a P/E/G ratio of 0.30 and a beta of 2.74.

Cineplex (TSE:CGX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.39) earnings per share for the quarter, missing analysts' consensus estimates of C$0.24 by C($0.63). During the same quarter in the prior year, the firm earned $0.40 earnings per share. As a group, equities analysts predict that Cineplex will post 1.0754912 earnings per share for the current fiscal year.

Insider Buying and Selling at Cineplex

In other news, Director Ellis Jacob sold 29,874 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total value of C$299,337.48. Insiders have sold a total of 33,615 shares of company stock worth $340,197 in the last quarter. 1.85% of the stock is owned by insiders.

Cineplex Company Profile

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.