Brokerages Set Cineplex Inc. (TSE:CGX) Price Target at C$18.71

Cineplex Inc. (TSE:CGX) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$18.71.

Separately, Canaccord Genuity Group raised their target price on Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th.

Cineplex Trading Down 1.5 %

Shares of Cineplex stock opened at C$12.03 on Friday. The firm has a market cap 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. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$13.09. The company’s 50-day simple moving average is C$11.43 and its 200-day simple moving average is C$10.32. 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.

Insiders Place Their Bets

In other news, Director Ellis Jacob sold 29,874 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total transaction of C$299,337.48. Over the last ninety days, insiders have sold 33,615 shares of company stock worth $340,197. 1.85% of the stock is owned by corporate insiders.

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.