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

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

Cineplex Stock Down 0.6 %

CGX opened at C$12.45 on Thursday. Cineplex Inc. has a 12 month low of C$7.10 and a 12 month high of C$13.09. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.36 and a quick ratio of 0.22. The stock has a market cap of C$792.82 million, a P/E ratio of -11.12, a P/E/G ratio of 0.30 and a beta of 2.74. The stock’s 50 day moving average price is C$11.09 and its 200 day moving average price is C$10.01.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price objective on 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.