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

Cineplex (TSE:CGX) had its price target hoisted by Canaccord Genuity Group from C$11.50 to C$12.50 in a research note published on Thursday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Canaccord Genuity Group raised their target price on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$18.71.

Cineplex Stock Performance

Shares of TSE CGX opened at C$11.23 on Thursday. The firm’s 50-day moving average price is C$11.60 and its 200-day moving average price is C$10.50. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$13.09. The company has a market cap of C$715.13 million, a PE ratio of -10.03, a PEG ratio of 0.30 and a beta of 2.74. 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.

Insider Buying and Selling

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

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.