Cineplex Inc (TSE:CGX) insider Daniel F. Mcgrath acquired 10,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was bought at an average cost of C$38.59 per share, with a total value of C$385,900.00.

Shares of Cineplex Inc (TSE:CGX) traded down 0.24% during mid-day trading on Thursday, reaching $38.01. The company’s stock had a trading volume of 193,840 shares. Cineplex Inc has a one year low of $34.43 and a one year high of $54.81. The stock has a market cap of $2.42 billion and a P/E ratio of 32.21. The stock has a 50 day moving average of $42.82 and a 200-day moving average of $49.52.

The business also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.68 dividend on an annualized basis and a yield of 4.41%.

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Several equities research analysts have recently issued reports on the company. BMO Capital Markets lowered their price objective on Cineplex from C$48.00 to C$44.00 and set an “outperform” rating for the company in a research note on Wednesday. Scotiabank lowered their price objective on Cineplex from C$49.00 to C$46.00 and set an “outperform” rating for the company in a research note on Wednesday, August 23rd. National Bank Financial lowered their price objective on Cineplex from C$46.00 to C$42.00 and set a “sector perform” rating for the company in a research note on Thursday, August 17th. Raymond James Financial, Inc. lowered their price objective on Cineplex from C$58.00 to C$52.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada raised Cineplex from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from C$54.00 to C$50.00 in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$48.38.

Cineplex Company Profile

Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.

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