Cineplex Inc. (TSE:CGX) Senior Officer Robert Matthew Cousins Sells 2,241 Shares

Cineplex Inc. (TSE:CGX) Senior Officer Robert Matthew Cousins sold 2,241 shares of Cineplex 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$22,454.82.

Cineplex Price Performance

Cineplex stock opened at C$10.21 on Friday. The business has a 50 day simple moving average of C$10.42 and a 200 day simple moving average of C$9.39. 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. The company has a market capitalization of C$650.17 million, a PE ratio of -9.12, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. Cineplex Inc. has a one year low of C$7.10 and a one year high of C$11.16.

Analysts Set New Price Targets

A number of analysts have commented on CGX shares. Canaccord Genuity Group raised their price objective on Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. Scotiabank raised their target price on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Desjardins lifted their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, TD Securities increased their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$18.71.

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.