Cineplex Inc. (TSE:CGX – Get Rating) Senior Officer Fabrizio Stanghieri bought 2,500 shares of the stock in a transaction on Tuesday, September 20th. The shares were bought at an average cost of C$9.33 per share, with a total value of C$23,325.00. Following the purchase, the insider now owns 8,309 shares of the company's stock, valued at C$77,522.97.

Cineplex Price Performance

Shares of TSE CGX opened at C$9.53 on Thursday. The company has a debt-to-equity ratio of 7,933.30, a current ratio of 0.27 and a quick ratio of 0.18. The stock has a fifty day moving average price of C$10.17 and a 200 day moving average price of C$11.62. Cineplex Inc. has a 1-year low of C$8.12 and a 1-year high of C$15.75. The company has a market cap of C$603.85 million and a PE ratio of -3.00.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their price objective on Cineplex from C$16.00 to C$14.75 in a research note on Thursday, August 18th. TD Securities dropped their price objective on Cineplex from C$18.50 to C$17.50 and set a "buy" rating for the company in a research note on Monday, August 22nd. Canaccord Genuity Group lowered their target price on Cineplex from C$18.00 to C$16.00 in a research note on Wednesday, August 3rd. Royal Bank of Canada upgraded shares of Cineplex from a "sector perform" rating to an "outperform" rating and dropped their price target for the company from C$15.00 to C$14.00 in a research note on Monday, September 12th. Finally, BMO Capital Markets dropped their price target on shares of Cineplex from C$15.00 to C$12.00 in a research note on Monday, September 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$15.97.

About Cineplex

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.

Read More

• The Worst May be Over for Target, But is the Stock Safe to Buy?
• Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
• Two Fun Stocks The Insiders Are Buying
• Novavax Remains a Risk-On Stock in a Risk-Off Market
• 3 Defensive Stocks With 60-Year Dividend Hike Streaks

Receive News & Ratings for Cineplex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex and related companies with MarketBeat.com's FREE daily email newsletter.