Insider Selling: Cineplex Inc. (TSE:CGX) Director Sells C$299,337.48 in Stock

Cineplex Inc. (TSE:CGX) Director Ellis Jacob sold 29,874 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total value of C$299,337.48.

Cineplex Trading Up 0.6 %

Shares of Cineplex stock opened at C$10.21 on Monday. 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. The company has a market capitalization of C$650.17 million, a P/E ratio of -9.12, a PEG ratio of 0.30 and a beta of 2.74. Cineplex Inc. has a 1 year low of C$7.10 and a 1 year high of C$11.16. The company’s fifty day moving average is C$10.42 and its two-hundred day moving average is C$9.39.

Wall Street Analysts Forecast Growth

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

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.