Cineplex (TSE:CGX) Stock Breaks Above Two Hundred Day Moving Average – Should You Sell?

Cineplex Inc. (TSE:CGX)’s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$11.61 and traded as high as C$12.77. Cineplex shares last traded at C$12.50, with a volume of 449,350 shares.

Analyst Ratings Changes

Several analysts recently weighed in on CGX shares. TD Securities upgraded Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada upped their price target on Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, September 15th. Scotiabank increased their price objective on Cineplex from C$12.00 to C$13.50 and gave the company a “sector outperform” rating in a research report on Wednesday, August 12th. Finally, National Bank Financial raised their price objective on shares of Cineplex from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$14.00.

Cineplex Price Performance

The company has a market cap of C$785.65 million, a price-to-earnings ratio of -62.35, a price-to-earnings-growth ratio of 0.30 and a beta of 0.20. The company has a fifty day moving average price of C$12.45 and a two-hundred day moving average price of C$11.62. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of -1,865.57.

Cineplex (TSE:CGX) last issued its earnings results on Tuesday, August 11th. The company reported C$0.12 EPS for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%.The business had revenue of C$383.72 million during the quarter. As a group, equities research analysts anticipate that Cineplex Inc. will post 1.0754912 EPS for the current fiscal year.

Cineplex Company Profile

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. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.