Cineplex Inc. (TSE:CGX) Senior Officer Sells C$22,454.82 in Stock

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

Cineplex Trading Up 0.6 %

Shares of CGX stock opened at C$10.21 on Friday. Cineplex Inc. has a 52-week low of C$7.10 and a 52-week high of C$11.16. 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 has a market capitalization of C$650.17 million, a PE ratio of -9.12, a PEG ratio of 0.30 and a beta of 2.74. The stock has a fifty day simple moving average of C$10.42 and a two-hundred day simple moving average of C$9.39.

Analyst Upgrades and Downgrades

CGX has been the subject of a number of analyst reports. Scotiabank upped their price target on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. 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 report on Friday, August 16th. Canaccord Genuity Group raised their target price on shares of Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. Finally, Desjardins upped their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research 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 stock. Based on data from MarketBeat, the company presently 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.