Cineplex Inc (TSE:CGX) insider Gordon Nelson purchased 6,000 shares of Cineplex stock in a transaction dated Thursday, March 8th. The stock was bought at an average cost of C$31.89 per share, with a total value of C$191,340.00.
Cineplex Inc (TSE CGX) opened at C$31.53 on Friday. The firm has a market cap of $2,000.00, a P/E ratio of 28.41 and a beta of 0.18. Cineplex Inc has a 52-week low of C$29.25 and a 52-week high of C$54.81.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 29th will be given a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 5.33%. The ex-dividend date is Tuesday, February 27th. Cineplex’s payout ratio is presently 149.55%.
A number of research firms have recently issued reports on CGX. Scotiabank reduced their price target on shares of Cineplex from C$46.00 to C$45.00 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. TD Securities reduced their price target on shares of Cineplex from C$47.00 to C$40.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. BMO Capital Markets lowered shares of Cineplex from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$44.00 to C$37.00 in a research report on Monday, January 15th. National Bank Financial reduced their price target on shares of Cineplex from C$40.50 to C$38.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 16th. Finally, CIBC reduced their price target on shares of Cineplex from C$42.00 to C$32.00 in a research report on Friday, February 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$40.56.
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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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