Cineplex Inc (TSE:CGX) insider Gordon Nelson bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of C$36.00 per share, for a total transaction of C$144,000.00.

Cineplex Inc (CGX) opened at C$36.50 on Monday. Cineplex Inc has a 52-week low of C$34.43 and a 52-week high of C$54.81.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were given a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 4.60%. The ex-dividend date was Thursday, September 28th. Cineplex’s payout ratio is 159.71%.

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Several research analysts have issued reports on CGX shares. Scotiabank dropped their price target on Cineplex from C$60.00 to C$57.00 and set an “outperform” rating on the stock in a report on Thursday, July 20th. National Bank Financial dropped their price target on Cineplex from C$56.00 to C$46.00 in a report on Thursday, August 3rd. CIBC dropped their price target on Cineplex from C$55.00 to C$50.00 in a report on Thursday, August 3rd. Canaccord Genuity dropped their price target on Cineplex from C$59.00 to C$51.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Finally, TD Securities dropped their price target on Cineplex from C$64.00 to C$52.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$46.81.

About Cineplex

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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