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

Cineplex Inc. (TSE:CGX) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$18.71.

Separately, Canaccord Genuity Group boosted their target price on Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th.

Insider Transactions at Cineplex

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

Cineplex Stock Down 1.5 %

Cineplex stock opened at C$12.03 on Friday. The stock has a market cap of C$766.07 million, a PE ratio of -10.74, a P/E/G 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’s fifty day moving average is C$11.43 and its two-hundred day moving average is C$10.32. Cineplex has a 1-year low of C$7.10 and a 1-year high of C$13.09.

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.