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

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

Cineplex Stock Performance

CGX stock opened at C$12.45 on Wednesday. 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. Cineplex Inc. has a 1-year low of C$7.10 and a 1-year high of C$13.09. The business has a 50-day moving average price of C$11.04 and a 200 day moving average price of C$9.98. The company has a market capitalization of C$792.82 million, a P/E ratio of -11.12, a PEG ratio of 0.30 and a beta of 2.74.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price objective on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$18.71.

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.