Cineplex Inc. (TSE:CGX - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.57 and traded as high as C$11.84. Cineplex shares last traded at C$11.82, with a volume of 203,249 shares trading hands.
Analysts Set New Price Targets
A number of analysts recently weighed in on CGX shares. Scotiabank upped their target price on shares of Cineplex from C$12.00 to C$12.75 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Canaccord Genuity Group lowered Cineplex from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada lifted their price target on Cineplex from C$13.00 to C$14.00 in a report on Monday, May 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$12.65.
Check Out Our Latest Stock Report on CGX
Cineplex Stock Up 0.7%
The business's fifty day moving average price is C$11.18 and its 200 day moving average price is C$10.59. The firm has a market capitalization of C$754.30 million, a price-to-earnings ratio of -12.52, a PEG ratio of 0.30 and a beta of 0.58. The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of -4,623.78.
Cineplex Company Profile
(
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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.
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