Cineplex (TSE:CGX) Price Target Raised to C$12.50

Cineplex (TSE:CGX) had its price objective lifted by Canaccord Genuity Group from C$11.50 to C$12.50 in a report published on Thursday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

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

Cineplex Price Performance

Shares of TSE CGX opened at C$10.98 on Thursday. Cineplex has a fifty-two week low of C$7.10 and a fifty-two week high of C$13.09. The stock has a market cap of C$699.21 million, a price-to-earnings ratio of -9.80, a PEG 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’s 50-day simple moving average is C$11.63 and its 200 day simple moving average is C$10.55.

Insider Transactions at Cineplex

In related news, Director Ellis Jacob sold 29,874 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total value of C$299,337.48. Insiders have sold 33,615 shares of company stock worth $340,197 in the last 90 days. Insiders own 1.85% of the company’s stock.

Cineplex Company Profile

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.