Cineplex Inc. (TSE:CGX - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.91 and traded as high as C$11.41. Cineplex shares last traded at C$11.22, with a volume of 239,576 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on CGX shares. Canaccord Genuity Group lowered shares of Cineplex from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. National Bankshares lowered their target price on shares of Cineplex from C$13.50 to C$13.00 and set an "outperform" rating on the stock in a report on Tuesday, September 30th. Finally, Scotiabank upped their price target on shares of Cineplex from C$12.00 to C$12.75 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$12.55.
Get Our Latest Analysis on Cineplex
Cineplex Trading Down 1.1%
The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43. The company has a market capitalization of C$711.80 million, a price-to-earnings ratio of -11.81, a P/E/G ratio of 0.30 and a beta of 0.51. The business's 50-day simple moving average is C$11.48 and its 200-day simple moving average is C$10.91.
About Cineplex
(
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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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