Cineplex Inc (TSE:CGX)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.39 and traded as high as $23.66. Cineplex shares last traded at $23.58, with a volume of 124,900 shares changing hands.
A number of analysts have recently weighed in on CGX shares. TD Securities cut their target price on Cineplex from C$33.00 to C$32.00 and set a “buy” rating for the company in a research report on Friday, August 9th. BMO Capital Markets cut their target price on Cineplex from C$30.00 to C$28.00 in a research report on Monday, September 9th. Raymond James set a C$31.00 target price on Cineplex and gave the company an “outperform” rating in a research report on Tuesday, June 25th. CIBC boosted their price target on Cineplex from C$27.50 to C$28.50 in a report on Friday, August 9th. Finally, National Bank Financial boosted their price target on Cineplex from C$28.00 to C$29.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$30.75.
The company has a debt-to-equity ratio of 329.31, a quick ratio of 0.33 and a current ratio of 0.45. The company has a market cap of $1.49 billion and a price-to-earnings ratio of 30.23. The business has a fifty day moving average price of C$24.87 and a 200 day moving average price of C$24.39.
Cineplex (TSE:CGX) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.31 EPS for the quarter, hitting analysts’ consensus estimates of C$0.31. The business had revenue of C$439.25 million for the quarter, compared to analyst estimates of C$428.90 million. As a group, equities analysts anticipate that Cineplex Inc will post 0.97 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.80 dividend on an annualized basis and a yield of 7.63%. Cineplex’s payout ratio is presently 224.36%.
Cineplex Company Profile (TSE:CGX)
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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