Shares of Cineplex Inc. (TSE:CGX - Get Free Report) were up 2.3% during trading on Friday . The stock traded as high as C$11.37 and last traded at C$11.34. Approximately 201,894 shares traded hands during trading, a decline of 21% from the average daily volume of 254,562 shares. The stock had previously closed at C$11.08.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on CGX shares. Royal Bank Of Canada lifted their target price 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 target price on Cineplex from C$14.00 to C$11.00 in a research note on Thursday, April 10th. Finally, National Bankshares dropped their target price on Cineplex from C$15.00 to C$13.50 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$18.79.
Check Out Our Latest Stock Analysis on CGX
Cineplex Stock Up 7.9%
The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22. The stock has a market capitalization of C$772.98 million, a PE ratio of -20.59, a PEG ratio of 0.30 and a beta of 2.74. The company has a 50 day moving average price of C$10.67 and a 200-day moving average price of C$10.77.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
