Cineplex (TSE:CGX) Given New C$12.50 Price Target at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price target lifted by investment analysts at Canaccord Genuity Group from C$11.50 to C$12.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 10.13% from the company’s current price.

Separately, Canaccord Genuity Group lifted their price objective on Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$17.94.

Cineplex Price Performance

TSE CGX traded down C$0.01 on Thursday, reaching C$11.35. The company had a trading volume of 115,010 shares, compared to its average volume of 201,011. The stock has a market capitalization of C$722.77 million, a PE ratio of -10.13, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The firm’s 50 day moving average price is C$11.60 and its 200 day moving average price is C$10.50. 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 12 month low of C$7.10 and a 12 month high of C$13.09.

Insider Activity at Cineplex

In other news, Director Ellis Jacob sold 29,874 shares of Cineplex stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total value of C$299,337.48. In the last quarter, insiders have sold 33,615 shares of company stock valued at $340,197. 1.85% of the stock is owned by company insiders.

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.