Other equities analysts also recently issued research reports about the company. National Bank Financial lowered their price target on Cineplex from C$42.00 to C$40.50 and set a sector perform rating on the stock in a report on Wednesday, November 8th. Raymond James Financial lowered their price target on Cineplex from C$52.00 to C$46.00 and set an outperform rating on the stock in a report on Tuesday, September 26th. Finally, Scotiabank lowered their price target on Cineplex from C$46.00 to C$45.00 and set an outperform rating on the stock in a report on Wednesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of C$45.81.
Cineplex (TSE CGX) opened at C$33.83 on Wednesday. Cineplex has a twelve month low of C$33.07 and a twelve month high of C$54.81. The company has a market capitalization of $2,140.00, a P/E ratio of 32.84 and a beta of 0.41.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 annualized dividend and a dividend yield of 4.97%. Cineplex’s payout ratio is 159.71%.
In related news, insider Gordon Nelson acquired 4,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of C$36.00 per share, for a total transaction of C$144,000.00. Also, insider Lorraine Marie Legault sold 1,625 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$37.13, for a total transaction of C$60,336.25. In the last 90 days, insiders bought 10,625 shares of company stock worth $394,058.
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Cineplex Company Profile
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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