Cineplex Inc (TSE:CGX) Director Sarabjit Marwah acquired 5,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of C$37.07 per share, with a total value of C$185,350.00.

Shares of Cineplex Inc (TSE:CGX) traded up C$0.21 during midday trading on Friday, hitting C$37.16. 178,600 shares of the stock traded hands, compared to its average volume of 167,489. Cineplex Inc has a 52-week low of C$34.43 and a 52-week high of C$54.81.

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were given a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.52%. The ex-dividend date was Thursday, September 28th. Cineplex’s dividend payout ratio is 159.71%.

COPYRIGHT VIOLATION WARNING: “Insider Buying: Cineplex Inc (CGX) Director Buys C$185,350.00 in Stock” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/11/19/insider-buying-cineplex-inc-cgx-director-buys-c185350-00-in-stock.html.

Several research analysts have commented on CGX shares. Scotiabank dropped their price objective on shares of Cineplex from C$49.00 to C$46.00 and set an “outperform” rating for the company in a report on Wednesday, August 23rd. National Bank Financial dropped their price objective on shares of Cineplex from C$46.00 to C$42.00 and set a “sector perform” rating for the company in a report on Thursday, August 17th. Raymond James Financial, Inc. dropped their price objective on shares of Cineplex from C$52.00 to C$46.00 and set an “outperform” rating for the company in a report on Tuesday, September 26th. BMO Capital Markets dropped their price objective on shares of Cineplex from C$48.00 to C$44.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Finally, Royal Bank Of Canada raised shares of Cineplex from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from C$54.00 to C$50.00 in a report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Cineplex has an average rating of “Buy” and a consensus 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.

Receive News & Stock Ratings for Cineplex Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex Inc and related stocks with our FREE daily email newsletter.