Cineplex Inc’s Trend Down, Especially After Today’s Weak Session

 Cineplex Inc's Trend Down, Especially After Today's Weak Session

The stock of Cineplex Inc (TSE:CGX) is a huge mover today! About 27,864 shares traded hands. Cineplex Inc (TSE:CGX) has risen 1.87% since April 1, 2016 and is uptrending. It has underperformed by 0.09% the S&P500.
The move comes after 7 months negative chart setup for the $3.23 billion company. It was reported on Nov, 8 by Barchart.com. We have $48.07 PT which if reached, will make TSE:CGX worth $161.50 million less.

Cineplex Inc (TSE:CGX) Ratings Coverage

Out of 4 analysts covering Cineplex Inc (TSE:CGX), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $59 is the highest target while $2 is the lowest. The $54 average target is 6.72% above today’s ($50.6) stock price. Cineplex Inc has been the topic of 22 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, July 15. The firm has “Sector Perform” rating given on Friday, August 26 by Scotia Capital. The rating was upgraded by TD Securities to “Buy” on Friday, January 29. Scotia Capital maintained it with “Sector Perform” rating and $52 target price in Wednesday, September 21 report. The stock of Cineplex Inc (TSE:CGX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 3. The rating was maintained by Scotia Capital on Thursday, August 11 with “Sector Perform”. The rating was maintained by RBC Capital Markets on Friday, August 14 with “Outperform”. The firm earned “Outperform” rating on Friday, January 8 by RBC Capital Markets. TD Securities maintained the stock with “Hold” rating in Friday, August 14 report. As per Thursday, November 3, the company rating was maintained by Scotia Capital.

More notable recent Cineplex Inc (TSE:CGX) news were published by: Fool.ca which released: “Can Cineplex Inc. Give its Revenue a Boost With 4DX?” on November 07, 2016, also Finance.Yahoo.com with their article: “Cineplex Inc. Announces Its October 2016 Dividend” published on October 18, 2016, Marketwired.com published: “Cineplex Inc. Announces Completion of Tricorp Amusements Inc. Acquisition” on October 03, 2016. More interesting news about Cineplex Inc (TSE:CGX) were released by: Fool.ca and their article: “Cineplex Inc.: It’s All About the Diversification” published on October 28, 2016 as well as Fool.ca‘s news article titled: “Why Cineplex Inc. Is More Than a Movie Company” with publication date: September 23, 2016.

Cineplex Inc. is a Canada-based entertainment company. The company has a market cap of $3.23 billion. The Firm operates through two divisions: Exhibition and Media. It has a 25 P/E ratio. The Exhibition segment offers box office services, food service, gaming services, theatre rentals and digital commerce rental and sales.

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