Cineplex (OTCMKTS:CPXGF) Stock Price Crosses Below 50 Day Moving Average of $10.62

Cineplex Inc. (OTCMKTS:CPXGF) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.62 and traded as low as $10.10. Cineplex shares last traded at $10.57, with a volume of 1,393 shares traded.

Several analysts recently weighed in on CPXGF shares. Canaccord Genuity raised their price objective on Cineplex from $8.50 to $10.50 and gave the company a “hold” rating in a research note on Friday, February 12th. National Bank Financial raised Cineplex from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 26th. TD Securities raised their price objective on Cineplex from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, February 12th. CIBC increased their target price on Cineplex from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, February 22nd. Finally, Royal Bank of Canada increased their target price on Cineplex from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, February 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Cineplex has an average rating of “Hold” and an average price target of $11.06.

The stock has a fifty day simple moving average of $10.64 and a two-hundred day simple moving average of $7.53.

Cineplex Company Profile (OTCMKTS:CPXGF)

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through four segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location-Based Entertainment. The company engages in theatre exhibition and theatre food service activities.

Further Reading: Market Perform

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