Cineplex Inc. (TSE:CGX – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.98 and traded as high as C$8.13. Cineplex shares last traded at C$8.10, with a volume of 494,364 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on CGX shares. BMO Capital Markets lifted their price target on shares of Cineplex from C$11.50 to C$12.50 and gave the company a “market perform” rating in a research report on Wednesday, March 6th. Scotiabank lowered their price objective on shares of Cineplex from C$11.00 to C$10.00 and set a “sector perform” rating for the company in a research report on Monday, June 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Cineplex has a consensus rating of “Moderate Buy” and an average target price of C$12.67.
Read Our Latest Stock Analysis on CGX
Cineplex Price Performance
Cineplex (TSE:CGX – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported C($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.41). The business had revenue of C$294.76 million for the quarter, compared to the consensus estimate of C$292.60 million. On average, equities research analysts forecast that Cineplex Inc. will post 0.4906231 EPS for the current year.
Cineplex Company Profile
Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.
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