Cineplex Inc. (TSE:CGX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.24 and traded as high as C$10.56. Cineplex shares last traded at C$10.52, with a volume of 745,296 shares.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CGX. Scotiabank upped their price objective on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an "outperform" rating in a research report on Monday, August 12th. TD Securities boosted their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Canaccord Genuity Group upped their price objective on Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. Royal Bank of Canada decreased their target price on Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. Finally, Desjardins upped their price target on Cineplex from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. One 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 presently has a consensus rating of "Moderate Buy" and an average price target of C$18.71.
Check Out Our Latest Report on CGX
Cineplex Trading Down 2.4 %
The stock has a market cap of C$653.99 million, a PE ratio of -9.39, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.36. The firm has a 50-day moving average price of C$10.57 and a 200-day moving average price of C$9.26.
Cineplex (TSE:CGX - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$277.34 million during the quarter, compared to the consensus estimate of C$283.90 million. As a group, equities analysts anticipate that Cineplex Inc. will post 1.0754912 EPS for the current fiscal year.
About Cineplex
(
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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