Cineplex Inc. (TSE:CGX) Receives C$18.71 Average Price Target from Analysts

Cineplex Inc. (TSE:CGX) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$18.71.

Separately, Canaccord Genuity Group raised their price objective on Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th.

Cineplex Price Performance

TSE CGX opened at C$12.20 on Friday. The company has a market cap of C$776.90 million, a PE ratio of -10.89, a P/E/G ratio of 0.30 and a beta of 2.74. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$13.09. 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 moving average price is C$11.36 and its 200-day moving average price is C$10.25.

Insider Buying and Selling

In other Cineplex news, Director Ellis Jacob sold 29,874 shares of Cineplex stock in a transaction that occurred 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. Insiders sold a total of 33,615 shares of company stock valued at $340,197 over the last three months. 1.85% of the stock is currently owned by company insiders.

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.