Cineplex Inc (TSE:CGX) Director Sarabjit Marwah acquired 5,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of C$37.07 per share, with a total value of C$185,350.00.
Shares of Cineplex Inc (TSE CGX) traded up C$0.21 during trading hours on Friday, hitting C$37.16. The stock had a trading volume of 178,600 shares, compared to its average volume of 167,489. Cineplex Inc has a twelve month low of C$34.43 and a twelve month high of C$54.81.
The business also recently declared a monthly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.52%. Cineplex’s dividend payout ratio is presently 159.71%.
A number of equities research analysts have weighed in on the company. Scotiabank decreased their target price on Cineplex from C$49.00 to C$46.00 and set an “outperform” rating for the company in a research report on Wednesday, August 23rd. National Bank Financial decreased their target price on Cineplex from C$46.00 to C$42.00 and set a “sector perform” rating for the company in a research report on Thursday, August 17th. Raymond James Financial, Inc. decreased their target price on Cineplex from C$52.00 to C$46.00 and set an “outperform” rating for the company in a research report on Tuesday, September 26th. BMO Capital Markets decreased their target price on Cineplex from C$48.00 to C$44.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. Finally, Royal Bank Of Canada raised Cineplex from a “sector perform” rating to an “outperform” rating and decreased their target price for the company from C$54.00 to C$50.00 in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Cineplex presently has a consensus rating of “Buy” and a consensus price target of C$46.81.
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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