Cineplex Inc. (TSE:CGX - Get Free Report) Senior Officer Gordon Nelson purchased 10,000 shares of Cineplex stock in a transaction dated Wednesday, March 20th. The shares were bought at an average price of C$7.47 per share, with a total value of C$74,700.00.
Cineplex Stock Performance
TSE:CGX traded up C$0.03 on Thursday, hitting C$7.50. The stock had a trading volume of 348,930 shares, compared to its average volume of 304,851. The stock has a market cap of C$477.60 million, a price-to-earnings ratio of 4.17, a price-to-earnings-growth ratio of 0.30 and a beta of 2.88. The company has a quick ratio of 0.22, a current ratio of 0.55 and a debt-to-equity ratio of 7,933.30. The business's 50-day simple moving average is C$7.98 and its two-hundred day simple moving average is C$8.33. Cineplex Inc. has a 52-week low of C$7.38 and a 52-week high of C$10.26.
Cineplex (TSE:CGX - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported C($0.19) earnings per share (EPS) for the quarter. The business had revenue of C$315.08 million during the quarter, compared to analyst estimates of C$359.50 million. As a group, research analysts predict that Cineplex Inc. will post 0.4747847 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. TD Securities lifted their price objective on Cineplex from C$13.00 to C$14.00 and gave the stock a "buy" rating in a report on Friday, November 24th. National Bankshares reduced their price objective on Cineplex from C$13.50 to C$12.50 and set an "outperform" rating for the company in a report on Tuesday, January 16th. Scotiabank lifted their price objective on Cineplex from C$11.00 to C$11.25 and gave the stock an "outperform" rating in a report on Friday, March 8th. BMO Capital Markets lifted their price objective on Cineplex from C$11.50 to C$12.50 and gave the stock a "market perform" rating in a report on Wednesday, March 6th. Finally, Canaccord Genuity Group reduced their price objective on Cineplex from C$13.75 to C$13.00 and set a "buy" rating for the company in a report on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$12.88.
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About Cineplex
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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.
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