Cineplex (TSE:CGX) Stock Price Down 7.5% – Should You Sell?

Cineplex Inc. (TSE:CGX) dropped 7.5% during trading on Friday . The stock traded as low as C$10.60 and last traded at C$10.60. Approximately 291,966 shares were traded during trading, an increase of 7% from the average daily volume of 272,873 shares. The stock had previously closed at C$11.46.

Wall Street Analyst Weigh In

CGX has been the subject of a number of research analyst reports. National Bankshares cut their price target on shares of Cineplex from C$13.50 to C$13.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. BMO Capital Markets increased their target price on shares of Cineplex from C$13.00 to C$14.00 in a report on Friday, October 17th. Scotiabank lifted their price target on shares of Cineplex from C$12.00 to C$12.75 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Canaccord Genuity Group upped their price target on Cineplex from C$11.00 to C$13.00 in a report on Friday, October 17th. Finally, Royal Bank Of Canada set a C$14.00 price objective on Cineplex and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Cineplex presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.96.

Cineplex Stock Performance

The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78. The stock has a fifty day moving average price of C$12.01 and a two-hundred day moving average price of C$11.59. The company has a market capitalization of C$689.59 million, a price-to-earnings ratio of -20.13, a PEG ratio of 0.30 and a beta of 0.42.

Cineplex (TSE:CGX) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$348.94 million during the quarter. Cineplex had a positive return on equity of 172.20% and a negative net margin of 2.83%. As a group, analysts forecast 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.