Cineplex (TSE:CGX) insider George Sautter acquired 2,000 shares of the stock in a transaction dated Friday, May 4th. The stock was bought at an average price of C$28.43 per share, for a total transaction of C$56,860.00.
George Sautter also recently made the following trade(s):
- On Monday, February 26th, George Sautter acquired 2,000 shares of Cineplex stock. The stock was bought at an average price of C$33.05 per share, for a total transaction of C$66,100.00.
Shares of CGX opened at C$28.62 on Friday. Cineplex has a one year low of C$27.56 and a one year high of C$53.72.
Cineplex (TSE:CGX) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.51 by C($0.05). Cineplex had a return on equity of 16.24% and a net margin of 6.75%. The firm had revenue of C$426.29 million for the quarter, compared to analyst estimates of C$435.60 million.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, April 30th will be issued a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 5.87%. The ex-dividend date is Friday, April 27th.
Several equities research analysts have recently weighed in on CGX shares. National Bank Financial lowered their price objective on Cineplex from C$40.50 to C$38.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 16th. TD Securities reduced their target price on Cineplex from C$40.00 to C$36.00 and set a “buy” rating on the stock in a report on Friday. Royal Bank of Canada boosted their target price on Cineplex from C$37.00 to C$38.00 and gave the stock an “outperform” rating in a report on Thursday. Scotiabank reduced their target price on Cineplex from C$45.00 to C$39.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Finally, BMO Capital Markets reduced their target price on Cineplex from C$37.00 to C$32.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$37.94.
Cineplex Company Profile
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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