Free Trial

Cineplex (TSE:CGX) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Cineplex logo with Communication Services background

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

(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

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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

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

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines