Cineplex (CGX) PT Lowered to C$40.00

Cineplex (TSE:CGX) had its target price trimmed by TD Securities from C$47.00 to C$40.00 in a research report report published on Wednesday morning. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on CGX. Scotiabank dropped their target price on Cineplex from C$46.00 to C$45.00 and set an outperform rating for the company in a research note on Wednesday. Raymond James Financial dropped their target price on Cineplex from C$52.00 to C$46.00 and set an outperform rating for the company in a research note on Tuesday, September 26th. Finally, National Bank Financial lowered their price target on Cineplex from C$42.00 to C$40.50 and set a sector perform rating for the company in a research report on Wednesday, November 8th. 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 a consensus target price of C$45.81.

Cineplex (CGX) traded down C$0.63 during trading on Wednesday, reaching C$33.61. The company had a trading volume of 563,080 shares, compared to its average volume of 234,142. The firm has a market capitalization of $2,130.00, a price-to-earnings ratio of 32.63 and a beta of 0.41. Cineplex has a 52-week low of C$33.07 and a 52-week high of C$54.81.

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, December 28th. Cineplex’s dividend payout ratio (DPR) is presently 159.71%.

In other news, insider Lorraine Marie Legault purchased 1,625 shares of the stock in a transaction on Friday, December 15th. The stock was purchased at an average price of C$39.82 per share, with a total value of C$64,707.50. Also, Director Sarabjit Marwah purchased 5,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of C$37.07 per share, with a total value of C$185,350.00. In the last three months, insiders have acquired 10,625 shares of company stock valued at $394,058.

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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.

Analyst Recommendations for Cineplex (TSE:CGX)

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