Cineplex (TSE:CGX) Reaches New 12-Month Low at $7.14

Cineplex Inc. (TSE:CGX - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$7.14 and last traded at C$7.19, with a volume of 473396 shares. The stock had previously closed at C$7.43.

Wall Street Analyst Weigh In

Several research firms have issued reports on CGX. BMO Capital Markets lifted their price target on shares of Cineplex from C$11.50 to C$12.50 and gave the stock a "market perform" rating in a report on Wednesday, March 6th. National Bankshares dropped their price target on shares of Cineplex from C$13.50 to C$12.50 and set an "outperform" rating for the company in a research note on Tuesday, January 16th. Scotiabank upped their price objective on shares of Cineplex from C$11.00 to C$11.25 and gave the stock an "outperform" rating in a report on Friday, March 8th. Royal Bank of Canada reduced their target price on shares of Cineplex from C$15.00 to C$14.00 and set an "outperform" rating on the stock in a report on Friday, February 9th. Finally, Canaccord Genuity Group reduced their target price on shares of Cineplex from C$13.75 to C$13.00 and set a "buy" rating on the stock in a report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.88.

Cineplex Price Performance

The company's 50 day moving average is C$7.86 and its 200 day moving average is C$8.30. The company has a current ratio of 0.55, a quick ratio of 0.22 and a debt-to-equity ratio of 7,933.30. The stock has a market capitalization of C$461.68 million, a price-to-earnings ratio of 4.03, a price-to-earnings-growth ratio of 0.30 and a beta of 2.88.

Cineplex (TSE:CGX - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported C($0.19) EPS for the quarter. The business had revenue of C$315.08 million for the quarter, compared to the consensus estimate of C$359.50 million. Research analysts anticipate that Cineplex Inc. will post 0.4793548 EPS for the current fiscal year.

Insider Buying and Selling at Cineplex

In other news, Senior Officer Gordon Nelson bought 10,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of C$7.47 per share, with a total value of C$74,700.00. In related news, Senior Officer Kevin David Watts acquired 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of C$7.92 per share, with a total value of C$25,344.00. Also, Senior Officer Gordon Nelson acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were bought at an average cost of C$7.47 per share, for a total transaction of C$74,700.00. Over the last three months, insiders have acquired 14,500 shares of company stock worth $109,911. 1.52% of the stock is owned by company insiders.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.