Cineplex (TSE:CGX) Shares Down 7.5% – Time to Sell?

Cineplex Inc. (TSE:CGX) fell 7.5% during trading on Friday . The company traded as low as C$10.60 and last traded at C$10.60. 291,966 shares were traded during trading, an increase of 7% from the average session volume of 272,873 shares. The stock had previously closed at C$11.46.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Cineplex from C$13.00 to C$14.00 in a research report on Friday, October 17th. National Bankshares cut their price target on shares of Cineplex from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. TD Securities boosted their price objective on shares of Cineplex from C$16.00 to C$17.00 in a research note on Monday, November 10th. Royal Bank Of Canada set a C$14.00 price objective on Cineplex and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Scotiabank lifted their target price on Cineplex from C$12.00 to C$12.75 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.96.

Cineplex Price Performance

The company’s fifty day moving average is C$12.01 and its two-hundred day moving average is C$11.59. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43. The firm has a market cap of C$689.59 million, a price-to-earnings ratio of -20.13, a price-to-earnings-growth ratio of 0.30 and a beta of 0.42.

Cineplex (TSE:CGX) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.02 earnings per share (EPS) for the quarter. Cineplex had a positive return on equity of 172.20% and a negative net margin of 2.83%.The firm had revenue of C$348.94 million during the quarter. Equities research analysts forecast that Cineplex Inc. will post 1.0754912 EPS for the current 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.