Cineplex (TSE:CGX) Price Target Raised to C$14.00 at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price objective increased by Canaccord Genuity Group from C$12.50 to C$14.00 in a report published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, Canaccord Genuity Group increased their price target on Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$18.93.

Cineplex Trading Up 7.4 %

Shares of CGX stock opened at C$11.46 on Wednesday. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$13.09. 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$729.77 million, a PE ratio of -10.23, a PEG ratio of 0.30 and a beta of 2.74. The stock has a fifty day simple moving average of C$11.79 and a two-hundred day simple moving average of C$10.85.

Insider Activity

In other news, Director Ellis Jacob sold 29,874 shares of the firm’s 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 over the last 90 days. Corporate insiders own 1.85% of the company’s stock.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.