Cineplex Inc. (TSE:CGX) Given Average Recommendation of “Moderate Buy” by Analysts

Cineplex Inc. (TSE:CGX) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$18.71.

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

Cineplex Stock Up 1.1 %

Shares of CGX stock opened at C$12.03 on Friday. The stock’s 50 day simple moving average is C$11.51 and its 200 day simple moving average is C$10.39. 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. Cineplex has a twelve month low of C$7.10 and a twelve month high of C$13.09. The company has a market capitalization of C$766.07 million, a price-to-earnings ratio of -10.74, a PEG ratio of 0.30 and a beta of 2.74.

Insiders Place Their Bets

In other news, Director Ellis Jacob sold 29,874 shares of the business’s stock in a transaction that occurred on 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 have sold a total of 33,615 shares of company stock valued at $340,197 in the last three months. Company insiders own 1.85% of the company’s stock.

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.