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 firm’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 transaction of C$18,405.00.

Cineplex Stock Up 1.3 %

TSE:CGX traded up C$0.16 during trading hours on Monday, hitting C$12.51. The stock had a trading volume of 58,671 shares, compared to its average volume of 347,425. The company has a market cap of C$796.64 million, a PE ratio of -11.17, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The business has a 50 day simple moving average of C$10.96 and a two-hundred day simple moving average of C$9.91. Cineplex Inc. has a 1-year low of C$7.10 and a 1-year high of C$13.09. 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.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their target price on shares of Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Cineplex 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.