Cineplex (TSE:CGX) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Cineplex Inc. (TSE:CGX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.51 and traded as high as C$12.28. Cineplex shares last traded at C$11.95, with a volume of 134,102 shares traded.

Wall Street Analysts Forecast Growth

CGX has been the subject of several research reports. Canaccord Genuity Group boosted their price objective on Cineplex from C$11.00 to C$13.00 in a research note on Friday, October 17th. Scotiabank raised their target price on shares of Cineplex from C$12.00 to C$12.75 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Royal Bank Of Canada set a C$14.00 target price on Cineplex and gave the company an “outperform” rating in a report on Wednesday, October 29th. BMO Capital Markets boosted their target price on shares of Cineplex from C$13.00 to C$14.00 in a report on Friday, October 17th. Finally, National Bankshares lowered their target price on shares of Cineplex from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$13.96.

Cineplex Trading Up 0.8%

The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78. The company’s fifty day moving average price is C$12.02 and its two-hundred day moving average price is C$11.53. The firm has a market cap of C$788.56 million, a PE ratio of -23.02, a P/E/G ratio of 0.30 and a beta of 0.52.

Cineplex (TSE:CGX) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$348.94 million for the quarter. Cineplex had a negative net margin of 2.83% and a positive return on equity of 172.20%. As a group, sell-side analysts forecast that Cineplex Inc. will post 1.0754912 earnings per share for the current fiscal year.

Cineplex Company Profile

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.