Cineplex (TSE:CGX) Share Price Passes Above Two Hundred Day Moving Average of $8.96

Cineplex Inc. (TSE:CGX) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.96 and traded as high as C$9.22. Cineplex shares last traded at C$9.05, with a volume of 358,537 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CGX. BMO Capital Markets increased their price objective on Cineplex from C$11.00 to C$12.50 and gave the stock a “market perform” rating in a report on Friday, November 10th. Royal Bank of Canada raised their price target on Cineplex from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Canaccord Genuity Group raised their price target on Cineplex from C$12.25 to C$14.00 and gave the company a “buy” rating in a report on Thursday, September 28th. Finally, National Bankshares raised their price target on Cineplex from C$13.00 to C$14.50 and gave the company an “outperform” rating in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Cineplex currently has an average rating of “Moderate Buy” and an average price target of C$13.11.

Cineplex Price Performance

The firm has a fifty day moving average of C$8.74 and a 200 day moving average of C$8.96. The company has a market capitalization of C$573.59 million, a P/E ratio of 3.93, a P/E/G ratio of 0.30 and a beta of 2.82. The company has a current ratio of 0.38, a quick ratio of 0.22 and a debt-to-equity ratio of 7,933.30.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through four segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location-Based Entertainment. The company engages in theatre exhibition and theatre food service activities.