Cineplex Inc (TSE:CGX) insider Lorraine Marie Legault sold 1,625 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of C$37.13, for a total transaction of C$60,336.25.

Cineplex Inc (TSE CGX) traded down C$0.26 during trading on Thursday, reaching C$36.64. 150,384 shares of the company’s stock traded hands, compared to its average volume of 167,467. Cineplex Inc has a 12-month low of C$34.43 and a 12-month high of C$54.81.

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 4.59%. Cineplex’s dividend payout ratio (DPR) is 159.71%.

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CGX has been the topic of a number of recent analyst reports. Scotiabank cut 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 cut their price target on Cineplex from C$56.00 to C$46.00 in a report on Thursday, August 3rd. CIBC cut their price target on Cineplex from C$55.00 to C$50.00 in a report on Thursday, August 3rd. TD Securities cut 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. Finally, Raymond James Financial, Inc. lowered their price objective on shares of Cineplex from C$58.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$46.81.

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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