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Cineplex (TSE:CGX) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Cineplex logo with Communication Services background

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) passed 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 trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CGX. Royal Bank Of Canada raised 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 cut their target price 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 cut their target price on shares of Cineplex from C$14.00 to C$11.00 in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Cineplex presently has an average rating of "Buy" and an average target price of C$18.79.

View Our Latest Research Report on Cineplex

Cineplex Price Performance

The stock has a market cap of C$711.09 million, a PE ratio of -18.95, a P/E/G ratio of 0.30 and a beta of 2.74. The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of -4,623.78. The company's 50 day moving average is C$11.02 and its 200-day moving average is C$10.70.

Cineplex Company Profile

(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.

Further Reading

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