Free Trial

Cineplex (TSE:CGX) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Cineplex logo with Communication Services background

Key Points

  • Cineplex Inc. shares have surpassed their 200-day moving average, trading at C$10.99 with a recent high of C$11.21.
  • Analysts have updated their price targets, with Canaccord Genuity lowering it to C$11.00, while Royal Bank of Canada raised it to C$14.00.
  • The company has a market capitalization of C$694.04 million and significant financial ratios, including a PE ratio of -18.49 and a debt-to-equity ratio of -4,623.78.
  • Need better tools to track Cineplex? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.60 and traded as high as C$11.21. Cineplex shares last traded at C$10.99, with a volume of 214,563 shares traded.

Analyst Ratings Changes

CGX has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their target price on shares of Cineplex from C$13.00 to C$14.00 in a research note on Monday, May 12th. National Bankshares dropped their price objective on shares of 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. Finally, Canaccord Genuity Group dropped their price objective on shares of Cineplex from C$14.00 to C$11.00 in a research note on Thursday, April 10th.

Check Out Our Latest Research Report on CGX

Cineplex Trading Down 2.4%

The company's 50 day moving average price is C$11.37 and its two-hundred day moving average price is C$10.59. The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22. The stock has a market capitalization of C$655.51 million, a PE ratio of -17.47, a P/E/G ratio of 0.30 and a beta of 2.74.

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.

Featured Articles

Should You Invest $1,000 in Cineplex Right Now?

Before you consider Cineplex, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cineplex wasn't on the list.

While Cineplex currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Analysts Agree—These Gold Picks Outshine the Rest Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Quiet Growth Stocks With Major Momentum
The Market’s Next Big Winners? Start Here
5 High Short Interest Stocks to Buy Before November

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines