Lorraine Marie Legault Buys 1,625 Shares of Cineplex Inc (CGX) Stock

Cineplex Inc (TSE:CGX) insider Lorraine Marie Legault acquired 1,625 shares of the stock in a transaction that occurred 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.

Lorraine Marie Legault also recently made the following trade(s):

  • On Monday, November 13th, Lorraine Marie Legault sold 1,625 shares of Cineplex stock. The stock was sold at an average price of C$37.13, for a total value of C$60,336.25.

Shares of Cineplex Inc (TSE:CGX) traded up C$0.21 on Friday, reaching C$39.21. The company’s stock had a trading volume of 631,646 shares, compared to its average volume of 171,162. Cineplex Inc has a 12-month low of C$34.43 and a 12-month high of C$54.81.

The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Wednesday, November 29th. Cineplex’s dividend payout ratio (DPR) is currently 159.71%.

A number of analysts recently commented on the company. Raymond James Financial lowered their price objective 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. Scotiabank lowered their price objective 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 lowered their price objective 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. BMO Capital Markets reduced their target price on Cineplex from C$48.00 to C$44.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. Finally, TD Securities reduced their target price on Cineplex from C$52.00 to C$47.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$46.81.

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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.

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