Cineplex Inc. (TSE:CGX) Director Sarabjit Marwah Sells 1,500 Shares

Cineplex Inc. (TSE:CGX) Director Sarabjit Marwah sold 1,500 shares of Cineplex stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$12.27, for a total transaction of C$18,405.00.

Cineplex Trading Up 1.3 %

Shares of CGX traded up C$0.16 during mid-day trading on Monday, reaching C$12.51. The company had a trading volume of 58,671 shares, compared to its average volume of 347,425. Cineplex Inc. has a fifty-two week low of C$7.10 and a fifty-two week high of C$13.09. The firm has a fifty day simple moving average of C$10.96 and a 200-day simple moving average of C$9.91. The stock has a market cap of C$796.64 million, a price-to-earnings ratio of -11.17, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price objective on Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.71.

About Cineplex

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.