Cineplex (TSE:CGX) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Cineplex Inc. (TSE:CGX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.69 and traded as high as C$12.07. Cineplex shares last traded at C$11.82, with a volume of 241,204 shares.

Analyst Ratings Changes

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

Cineplex Price Performance

The stock has a fifty day moving average of C$11.27 and a two-hundred day moving average of C$10.69. 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 stock has a market capitalization of C$744.70 million, a price-to-earnings ratio of -32.83, a PEG ratio of 0.30 and a beta of 0.34.

Cineplex (TSE:CGX) last announced its earnings results on Monday, May 11th. The company reported C($0.36) earnings per share 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 during the quarter. As a group, equities research analysts forecast that Cineplex Inc. will post 1.0754912 earnings per share for the current year.

Cineplex Company Profile

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.