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Cineplex (TSE:CGX) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Cineplex logo with Communication Services background

Cineplex Inc. (TSE:CGX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.79 and traded as high as C$11.49. Cineplex shares last traded at C$11.35, with a volume of 142,256 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. National Bankshares dropped their price objective on Cineplex from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Canaccord Genuity Group decreased their target price on Cineplex from C$14.00 to C$11.00 in a report on Thursday, April 10th. Finally, Royal Bank Of Canada increased their price target on Cineplex from C$13.00 to C$14.00 in a research note on Monday, May 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$18.79.

View Our Latest Research Report on CGX

Cineplex Stock Down 1.4%

The stock has a fifty day moving average price of C$10.34 and a two-hundred day moving average price of C$10.80. The company has a market cap of C$724.35 million, a price-to-earnings ratio of -19.30, a P/E/G ratio of 0.30 and a beta of 2.74. The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78.

About Cineplex

(Get Free Report)

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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