Cineplex Inc. (TSE:CGX) Director Sells C$299,337.48 in Stock

Cineplex Inc. (TSE:CGX) Director Ellis Jacob sold 29,874 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total transaction of C$299,337.48.

Cineplex Trading Up 1.0 %

CGX stock traded up C$0.10 during mid-day trading on Friday, reaching C$10.25. 129,379 shares of the stock traded hands, compared to its average volume of 347,065. Cineplex Inc. has a one year low of C$7.10 and a one year high of C$11.16. The stock has a market capitalization of C$652.72 million, a PE ratio of -9.06, a PEG ratio of 0.30 and a beta of 2.74. 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. The business has a 50-day moving average price of C$10.43 and a two-hundred day moving average price of C$9.39.

Wall Street Analyst Weigh In

CGX has been the subject of several recent analyst reports. TD Securities upped their target price on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Canaccord Genuity Group boosted their price target on Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. Desjardins lifted their price objective on shares of 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, Scotiabank raised their price target on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.