Ellis Jacob Sells 29,874 Shares of Cineplex Inc. (TSE:CGX) Stock

Cineplex Inc. (TSE:CGX) Director Ellis Jacob sold 29,874 shares of the company’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$299,337.48.

Cineplex Trading Up 0.6 %

Shares of CGX stock opened at C$10.21 on Friday. Cineplex Inc. has a 1-year low of C$7.10 and a 1-year high of C$11.16. The company has a market cap of C$650.17 million, a price-to-earnings ratio of -9.12, 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 current ratio of 0.36 and a quick ratio of 0.22. The stock has a 50 day simple moving average of C$10.42 and a 200-day simple moving average of C$9.39.

Wall Street Analysts Forecast Growth

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