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

Cineplex Inc. (TSE:CGXGet Free Report) 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.

View Our Latest Analysis on Cineplex

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

(Get Free Report)

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.

Further Reading

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