Cineplex Inc. (TSE:CGX) Senior Officer Sells C$22,454.82 in Stock

Cineplex Inc. (TSE:CGX) Senior Officer Robert Matthew Cousins sold 2,241 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total value of C$22,454.82.

Cineplex Price Performance

Shares of TSE CGX opened at C$10.21 on Monday. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.36. Cineplex Inc. has a fifty-two week low of C$7.10 and a fifty-two week high of C$11.16. The firm has a market capitalization of C$650.17 million, a PE ratio of -9.12, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The stock’s 50-day simple moving average is C$10.42 and its 200-day simple moving average is C$9.39.

Analysts Set New Price Targets

CGX has been the topic of a number of analyst reports. Scotiabank increased their price target on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Canaccord Genuity Group increased their price target on Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. Desjardins increased their price target on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, TD Securities increased their price target on Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$18.71.

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.