Cineplex Inc. (TSE:CGX - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.70 and traded as high as C$11.64. Cineplex shares last traded at C$11.41, with a volume of 211,172 shares traded.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Canaccord Genuity Group reduced their target price on Cineplex from C$14.00 to C$11.00 in a research report on Thursday, April 10th. National Bankshares cut their price objective on Cineplex from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank Of Canada raised their price objective on Cineplex from C$13.00 to C$14.00 in a report on Monday, May 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of C$18.79.
Check Out Our Latest Analysis on CGX
Cineplex Trading Up 1.4%
The company has a market capitalization of C$721.19 million, a PE ratio of -19.22, a P/E/G ratio of 0.30 and a beta of 2.74. 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 business has a fifty day moving average price of C$11.05 and a 200 day moving average price of C$10.70.
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 Stories
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
