Cineplex Inc (TSE:CGX) insider Gordon Nelson bought 4,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of C$36.00 per share, with a total value of C$144,000.00.
Cineplex Inc (TSE:CGX) opened at C$36.50 on Friday. Cineplex Inc has a 12 month low of C$34.43 and a 12 month high of C$54.81.
The firm also recently declared a monthly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.68 annualized dividend and a dividend yield of 4.60%. Cineplex’s dividend payout ratio (DPR) is 159.71%.
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CGX has been the subject of several recent analyst reports. Scotiabank decreased their price objective on shares of Cineplex from C$60.00 to C$57.00 and set an “outperform” rating for the company in a report on Thursday, July 20th. CIBC reduced their target price on shares of Cineplex from C$55.00 to C$50.00 in a report on Thursday, August 3rd. Royal Bank Of Canada upgraded shares of Cineplex from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$54.00 to C$50.00 in a report on Thursday, August 3rd. BMO Capital Markets reduced their target price on shares of Cineplex from C$48.00 to C$44.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Finally, Raymond James Financial, Inc. reduced their target price on shares of Cineplex from C$58.00 to C$52.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Cineplex has a consensus rating of “Buy” and a consensus price target of C$46.81.
Cineplex Company Profile
Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.
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