Cineplex (TSE:CGX) Sets New 52-Week High – Time to Buy?

Cineplex Inc. (TSE:CGX) reached a new 52-week high on Monday . The company traded as high as C$12.79 and last traded at C$12.74, with a volume of 45986 shares trading hands. The stock had previously closed at C$12.63.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Scotiabank lifted their price objective on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Canaccord Genuity Group lifted their price objective on Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. Finally, TD Securities lifted their price objective on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.71.

Cineplex Trading Up 0.5 %

The stock has a market cap of C$808.10 million, a PE ratio of -11.28, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. 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’s 50-day moving average price is C$10.53 and its 200 day moving average price is C$9.59.

Insider Activity

In other Cineplex news, Director Ellis Jacob sold 29,874 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total value of C$299,337.48. Corporate insiders own 1.85% of the company’s stock.

Cineplex Company Profile

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.