Canaccord Genuity Group Raises Cineplex (TSE:CGX) Price Target to C$14.00

Cineplex (TSE:CGX) had its price objective upped by stock analysts at Canaccord Genuity Group from C$12.50 to C$14.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 22.70% from the company’s current price.

Separately, Canaccord Genuity Group boosted their target price on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$18.93.

Cineplex Stock Up 6.9 %

Shares of CGX stock traded up C$0.74 during mid-day trading on Wednesday, reaching C$11.41. 964,984 shares of the company’s stock traded hands, compared to its average volume of 261,808. Cineplex has a 12 month low of C$7.10 and a 12 month high of C$13.09. The company has a market cap of C$726.59 million, a P/E ratio of -10.19, a P/E/G 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. The company’s 50-day moving average price is C$11.80 and its 200-day moving average price is C$10.83.

Insiders Place Their Bets

In related news, Director Ellis Jacob sold 29,874 shares of the business’s 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 transaction of C$299,337.48. In the last 90 days, insiders sold 33,615 shares of company stock valued at $340,197. 1.85% of the stock is owned by insiders.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.