Cineplex (TSE:CGX) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Cineplex Inc. (TSE:CGX) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.28 and traded as high as C$12.36. Cineplex shares last traded at C$11.89, with a volume of 646,830 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CGX. BMO Capital Markets increased their target price on shares of Cineplex from C$13.00 to C$14.00 in a research report on Friday, October 17th. Scotiabank upped their price target on Cineplex from C$12.00 to C$12.75 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada set a C$14.00 price objective on Cineplex and gave the company an “outperform” rating in a report on Wednesday, October 29th. Canaccord Genuity Group boosted their target price on Cineplex from C$11.00 to C$13.00 in a research note on Friday, October 17th. Finally, National Bankshares decreased their price target on 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Cineplex currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.35.

Cineplex Price Performance

The firm has a market capitalization of C$754.30 million, a price-to-earnings ratio of -12.52, a price-to-earnings-growth ratio of 0.30 and a beta of 0.52. The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22. The business has a fifty day moving average price of C$12.00 and a two-hundred day moving average price of C$11.32.

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.