Cineplex (CGX) Plans Jan 14 Dividend of C$0.12
Cineplex (TSE:CGX) declared a jan 14 dividend on Tuesday, January 21st, American Banking and Market News reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.12 per share on Friday, February 28th.
CGX has been the subject of a number of recent research reports. Analysts at National Bank Financial raised their price target on shares of Cineplex from C$46.00 to C$50.00 in a research note to investors on Thursday, January 16th. They now have an “outperform” rating on the stock. On a related note, analysts at NBF raised their price target on shares of Cineplex from C$46.00 to C$50.00 in a research note to investors on Thursday, January 16th. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Cineplex in a research note to investors on Monday, January 13th. They now have a C$47.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$41.10.
Shares of Cineplex (TSE:CGX) traded down 0.19% during mid-day trading on Tuesday, hitting $42.46. 38,066 shares of the company’s stock traded hands. Cineplex has a 52-week low of $31.98 and a 52-week high of $44.85. The stock has a 50-day moving average of $43. and a 200-day moving average of $40.47. The company has a price-to-earnings ratio of 27.62.
Cineplex Inc (TSE:CGX) directly and indirectly owns 100% of Cineplex Entertainment Limited Partnership (the Partnership).
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