Robert Matthew Cousins Sells 2,241 Shares of Cineplex Inc. (TSE:CGX) Stock

Cineplex Inc. (TSE:CGX) Senior Officer Robert Matthew Cousins sold 2,241 shares of the company’s 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$22,454.82.

Cineplex Price Performance

TSE CGX opened at C$10.21 on Friday. The stock has a 50-day simple moving average of C$10.42 and a 200 day simple moving average of C$9.39. Cineplex Inc. has a twelve month low of C$7.10 and a twelve month high of C$11.16. The stock has a market capitalization of C$650.17 million, a PE ratio of -9.12, a P/E/G ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.36.

Analysts Set New Price Targets

A number of brokerages have weighed in on CGX. Canaccord Genuity Group boosted their price target on Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. TD Securities boosted their target price on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Desjardins upped their target price on Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Scotiabank lifted their price target on shares of Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.71.

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.