Cineplex (TSE:CGX) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cineplex Inc. (TSE:CGX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.12 and traded as high as C$10.44. Cineplex shares last traded at C$10.37, with a volume of 137,691 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Canaccord Genuity Group increased their price target on Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. Desjardins increased their target price on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Scotiabank lifted their price target 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. TD Securities upped their price target on shares of Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Royal Bank of Canada decreased their price objective on shares of Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$18.71.

Cineplex Stock Down 0.7 %

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. The firm’s 50 day simple moving average is C$10.59 and its 200 day simple moving average is C$9.16. The company has a market cap of C$648.26 million, a price-to-earnings ratio of -9.09, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74.

Cineplex (TSE:CGX) last announced its earnings results on Friday, August 9th. The company reported C($0.33) earnings per share for the quarter. The business had revenue of C$277.34 million during the quarter, compared to analysts’ expectations of C$283.90 million. Sell-side analysts anticipate that Cineplex Inc. will post 1.0754912 EPS for the current fiscal year.

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.