Cineplex (TSE:CGX) Shares Cross Above 200 Day Moving Average – Should You Sell?

Cineplex Inc. (TSE:CGX)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.44 and traded as high as C$12.34. Cineplex shares last traded at C$11.98, with a volume of 593,692 shares traded.

Analyst Ratings Changes

Several research firms have weighed in on CGX. BMO Capital Markets raised their target price on Cineplex from C$13.00 to C$14.00 in a report on Friday, October 17th. Canaccord Genuity Group increased their price objective on Cineplex from C$11.00 to C$13.00 in a report on Friday, October 17th. Scotiabank raised their price objective on Cineplex from C$12.00 to C$12.75 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. National Bankshares decreased their target price on Cineplex from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Finally, Royal Bank Of Canada set a C$14.00 price target on Cineplex and gave the company an “outperform” rating in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$13.96.

Cineplex Price Performance

The firm has a market cap of C$758.74 million, a price-to-earnings ratio of -22.15, a PEG ratio of 0.30 and a beta of 0.52. The business’s 50-day moving average is C$12.01 and its 200-day moving average is C$11.45. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43.

Cineplex (TSE:CGX) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$348.94 million for the quarter. Cineplex had a negative net margin of 2.83% and a positive return on equity of 172.20%. On average, equities analysts predict that Cineplex Inc. will post 1.0754912 EPS for the current year.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.