Cineplex (TSE:CGX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cineplex Inc. (TSE:CGX) shares crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$11.81 and traded as high as C$13.08. Cineplex shares last traded at C$12.79, with a volume of 507,952 shares traded.

Wall Street Analysts Forecast Growth

CGX has been the topic of several research reports. Scotiabank increased their price target on shares of Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th. TD Securities upgraded Cineplex to a “strong-buy” rating in a report on Friday, July 24th. National Bank Financial increased their price target on Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada raised their target price on shares of Cineplex from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$14.00.

Cineplex Stock Down 0.5%

The company has a debt-to-equity ratio of -1,865.57, a quick ratio of 0.22 and a current ratio of 0.44. The firm’s 50-day moving average price is C$12.43 and its two-hundred day moving average price is C$11.81. The firm has a market cap of C$805.81 million, a PE ratio of -63.95, a P/E/G ratio of 0.30 and a beta of 0.35.

Cineplex (TSE:CGX) last posted its earnings results on Tuesday, August 11th. The company reported C$0.12 EPS for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. The business had revenue of C$383.72 million for the quarter. As a group, equities research analysts expect that Cineplex Inc. will post 1.08 EPS for the current fiscal year.

Cineplex Company Profile

Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).