Cineplex (TSE:CGX) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Cineplex Inc. (TSE:CGX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.71 and traded as high as C$12.09. Cineplex shares last traded at C$11.88, with a volume of 439,981 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. National Bank Financial cut their target price on Cineplex from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Canaccord Genuity Group upped their price objective on Cineplex from C$10.50 to C$11.50 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$13.46.

Cineplex Trading Up 2.2%

The company has a market cap of C$753.98 million, a P/E ratio of -33.00, a PEG ratio of 0.30 and a beta of 0.34. The company has a current ratio of 0.37, a quick ratio of 0.22 and a debt-to-equity ratio of -1,703.50. The business has a 50 day moving average price of C$11.12 and a 200-day moving average price of C$10.71.

Cineplex (TSE:CGX) last announced its quarterly earnings data on Monday, May 11th. The company reported C($0.36) earnings per share (EPS) for the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%.The company had revenue of C$290.98 million for the quarter. Analysts forecast that Cineplex Inc. will post 1.0754912 earnings per share for the current fiscal year.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.