Cineplex Inc. (TSE:CGX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Cineplex Inc. (TSE:CGX) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$18.71.

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.

Insider Buying and Selling

In related news, Director Ellis Jacob sold 29,874 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total value of C$299,337.48. Over the last three months, insiders have sold 33,615 shares of company stock worth $340,197. 1.85% of the stock is owned by insiders.

Cineplex Trading Up 2.1 %

CGX stock opened at C$12.46 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$13.09. The company’s 50-day simple moving average is C$11.32 and its 200-day simple moving average is C$10.22. The firm has a market cap of C$793.45 million, a P/E ratio of -11.13, a PEG ratio of 0.30 and a beta of 2.74.

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.