Cineplex Inc (TSE:CGX) insider Gordon Nelson bought 6,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of C$31.89 per share, for a total transaction of C$191,340.00.
Cineplex Inc (CGX) traded down C$0.35 during mid-day trading on Friday, reaching C$31.53. The company had a trading volume of 190,046 shares, compared to its average volume of 343,003. Cineplex Inc has a 12 month low of C$29.25 and a 12 month high of C$54.81. The firm has a market cap of $2,000.00, a PE ratio of 28.41 and a beta of 0.18.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 29th will be issued a $0.14 dividend. This represents a $1.68 annualized dividend and a yield of 5.33%. The ex-dividend date is Tuesday, February 27th. Cineplex’s payout ratio is 149.55%.
A number of equities research analysts have recently commented on the company. Raymond James Financial dropped their target price on Cineplex from C$46.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 22nd. Scotiabank dropped their target price on Cineplex from C$45.00 to C$39.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. CIBC dropped their target price on Cineplex from C$42.00 to C$32.00 in a research report on Friday, February 16th. National Bank Financial upgraded Cineplex from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from C$38.00 to C$35.50 in a research report on Tuesday, January 23rd. Finally, BMO Capital Markets cut Cineplex from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$44.00 to C$37.00 in a research report on Monday, January 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$40.56.
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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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