Cineplex (TSE:CGX) Shares Pass Above 200-Day Moving Average – What’s Next?

Cineplex Inc. (TSE:CGXGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.78 and traded as high as C$12.93. Cineplex shares last traded at C$12.57, with a volume of 325,879 shares traded.

Wall Street Analyst Weigh In

Separately, 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$18.71.

View Our Latest Stock Analysis on Cineplex

Cineplex Trading Down 2.3 %

The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69. The stock’s 50 day moving average is C$10.80 and its 200-day moving average is C$9.78. The company has a market cap of C$800.46 million, a PE ratio of -11.22, a P/E/G ratio of 0.30 and a beta of 2.74.

Insider Activity at Cineplex

In related news, Director Ellis Jacob sold 29,874 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total transaction of C$299,337.48. 1.85% of the stock is owned by insiders.

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.

Further Reading

Receive News & Ratings for Cineplex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex and related companies with MarketBeat.com's FREE daily email newsletter.