Cineplex (TSE:CGX) Price Target Raised to C$14.00

Cineplex (TSE:CGX) had its price target hoisted by stock analysts at Canaccord Genuity Group from C$12.50 to C$14.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 20.79% from the stock’s current price.

Separately, Canaccord Genuity Group increased their price target on shares of Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$18.93.

Cineplex Stock Up 1.1 %

Shares of CGX opened at C$11.59 on Wednesday. The stock has a market capitalization of C$731.93 million, a PE ratio of -19.50, a P/E/G ratio of 0.30 and a beta of 2.74. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$13.09. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43. The company’s 50-day simple moving average is C$11.77 and its 200-day simple moving average is C$10.87.

Insider Buying and Selling

In related news, Director Ellis Jacob sold 29,874 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total transaction of C$299,337.48. Over the last ninety days, insiders have sold 33,615 shares of company stock worth $340,197. Company insiders own 1.85% of the company’s stock.

Cineplex Company Profile

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.