Insider Selling: Cineplex Inc. (TSE:CGX) Director Sells C$18,405.00 in Stock

Cineplex Inc. (TSE:CGXGet Free Report) Director Sarabjit Marwah sold 1,500 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$12.27, for a total value of C$18,405.00.

Cineplex Trading Down 0.6 %

TSE:CGX opened at C$12.45 on Thursday. 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. Cineplex Inc. has a one year low of C$7.10 and a one year high of C$13.09. The business’s 50-day simple moving average is C$11.09 and its 200 day simple moving average is C$10.01. The stock has a market cap of C$792.82 million, a price-to-earnings ratio of -11.12, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on 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 given a buy rating to the company. According to data from MarketBeat.com, Cineplex presently has an average rating of “Moderate Buy” and an average target price of C$18.71.

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Cineplex Company Profile

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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.

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