Cineplex (TSE:CGX) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Cineplex Inc. (TSE:CGX) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.78 and traded as high as C$12.93. Cineplex shares last traded at C$12.57, with a volume of 325,879 shares trading hands.

Analysts Set New Price Targets

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

Cineplex Stock Down 2.3 %

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. The stock has a market cap of C$800.46 million, a P/E ratio of -11.22, a PEG ratio of 0.30 and a beta of 2.74. The company’s 50 day moving average price is C$10.80 and its two-hundred day moving average price is C$9.78.

Insider Transactions at Cineplex

In other news, Director Ellis Jacob sold 29,874 shares of the firm’s 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$299,337.48. Corporate insiders own 1.85% of the company’s stock.

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.