Insider Selling: Cineplex Inc. (TSE:CGX) Senior Officer Sells 2,241 Shares of Stock

Cineplex Inc. (TSE:CGX) Senior Officer Robert Matthew Cousins sold 2,241 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total transaction of C$22,454.82.

Cineplex Stock Up 1.0 %

TSE CGX traded up C$0.10 during trading on Friday, reaching C$10.25. The company’s stock had a trading volume of 129,379 shares, compared to its average volume of 347,065. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69. The stock has a market capitalization of C$652.72 million, a PE ratio of -9.15, a PEG ratio of 0.30 and a beta of 2.74. Cineplex Inc. has a 1-year low of C$7.10 and a 1-year high of C$11.16. The business has a 50-day moving average price of C$10.43 and a 200-day moving average price of C$9.39.

Wall Street Analysts Forecast Growth

CGX has been the topic of several recent analyst reports. Desjardins upped their price target on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Canaccord Genuity Group increased their price target on shares of Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. Scotiabank boosted their price objective on shares of Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, TD Securities increased their target price on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Cineplex currently has a consensus rating of “Moderate Buy” and an average target price of C$18.71.

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.