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Cineplex (TSE:CGX) Shares Pass Above Two Hundred Day Moving Average - Time to 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 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.

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