Cineplex Inc. (TSE:CGX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Cineplex Inc. (TSE:CGX) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages 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.

Insider Activity

In other news, Director Ellis Jacob sold 29,874 shares of Cineplex stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total transaction of C$299,337.48. Insiders sold a total of 33,615 shares of company stock worth $340,197 in the last three months. 1.85% of the stock is owned by insiders.

Cineplex Trading Up 1.1 %

TSE:CGX opened at C$12.03 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69. Cineplex has a 1-year low of C$7.10 and a 1-year high of C$13.09. The firm has a market capitalization of C$766.07 million, a price-to-earnings ratio of -10.74, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The stock has a fifty day simple moving average of C$11.51 and a 200 day simple moving average of C$10.39.

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.