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.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on CGX. Royal Bank Of Canada lifted their price objective on shares of Cineplex from C$13.00 to C$14.00 in a research report on Monday, May 12th. Canaccord Genuity Group lowered their price objective on shares of Cineplex from C$14.00 to C$11.00 in a research report on Thursday, April 10th. Finally, National Bankshares lowered their price target on shares of Cineplex from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Cineplex currently has a consensus rating of "Buy" and a consensus target price of C$18.79.
Get Our Latest Report on Cineplex
Cineplex Stock Performance
The stock has a market cap of C$724.35 million, a price-to-earnings ratio of -19.30, a price-to-earnings-growth 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 stock's 50-day simple moving average is C$11.08 and its two-hundred day simple moving average is C$10.69.
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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