Shares of Cineplex Inc. (TSE:CGX - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.66 and traded as high as C$11.28. Cineplex shares last traded at C$11.10, with a volume of 183,619 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. Canaccord Genuity Group lifted their price target on shares of Cineplex from C$11.50 to C$12.50 and gave the company a "buy" rating in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cineplex presently has a consensus rating of "Moderate Buy" and an average price target of C$18.71.
Get Our Latest Stock Report on CGX
Cineplex Stock Down 0.2 %
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's 50-day moving average is C$11.81 and its 200-day moving average is C$10.72. The company has a market cap of C$703.66 million, a price-to-earnings ratio of -9.87, a P/E/G ratio of 0.30 and a beta of 2.74.
Cineplex (TSE:CGX - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.24 by C($0.63). During the same quarter in the prior year, the business posted $0.40 EPS. On average, analysts anticipate that Cineplex Inc. will post 1.0754912 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other 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 value of C$299,337.48. Over the last 90 days, insiders have sold 33,615 shares of company stock worth $340,197. Insiders own 1.85% of the company's stock.
About Cineplex
(
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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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