Cineplex Inc. (TSE:CGX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Cineplex Inc. (TSE:CGX) has received an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$18.71.

Several research analysts recently weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Cineplex from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Canaccord Genuity Group increased their price target on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th.

Insiders Place Their Bets

In other news, Director Ellis Jacob sold 29,874 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was 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 valued at $340,197. 1.85% of the stock is currently owned by corporate insiders.

Cineplex Stock Performance

TSE CGX opened at C$10.68 on Tuesday. The company’s 50 day simple moving average is C$11.83 and its two-hundred day simple moving average is C$10.75. 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. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$13.09. The stock has a market capitalization of C$680.10 million, a PE ratio of -9.54, a P/E/G ratio of 0.30 and a beta of 2.74.

Cineplex (TSE:CGX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.63). During the same period in the prior year, the firm posted $0.40 earnings per share. Analysts predict that Cineplex will post 1.0754912 earnings per share for the current fiscal year.

Cineplex Company Profile

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.