Cineplex Inc. (TSE:CGX - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.96 and traded as high as C$12.81. Cineplex shares last traded at C$12.75, with a volume of 158,497 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. TD Securities upgraded Cineplex to a "strong-buy" rating in a research report on Friday, July 24th. Canaccord Genuity Group upped their price objective on shares of Cineplex from C$10.50 to C$11.50 and gave the stock a "hold" rating in a report on Tuesday, May 12th. Finally, National Bank Financial lowered their target price on shares of Cineplex from C$14.00 to C$13.50 and set an "outperform" rating on the stock in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$13.46.
Read Our Latest Research Report on CGX
Cineplex Price Performance
The firm has a market capitalization of C$803.29 million, a P/E ratio of -35.42, a P/E/G ratio of 0.30 and a beta of 0.36. The business's fifty day moving average is C$11.83 and its 200 day moving average is C$10.96. The company has a current ratio of 0.37, a quick ratio of 0.22 and a debt-to-equity ratio of -1,703.50.
Cineplex (TSE:CGX - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported C($0.36) earnings per share (EPS) for the quarter. The business had revenue of C$290.98 million during the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%. As a group, analysts forecast that Cineplex Inc. will post 1.0754912 EPS for the current year.
Cineplex Company Profile
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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. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.
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