Sarabjit Marwah Purchases 5,000 Shares of Cineplex Inc (CGX) Stock

Cineplex Inc (TSE:CGX) Director Sarabjit Marwah purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of C$37.07 per share, with a total value of C$185,350.00.

Cineplex Inc (TSE:CGX) traded up C$0.21 during trading hours on Friday, hitting C$37.16. 178,600 shares of the stock were exchanged, compared to its average volume of 167,489. 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 was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were paid a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 4.52%. The ex-dividend date was Thursday, September 28th. Cineplex’s dividend payout ratio is presently 159.71%.

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CGX has been the topic of a number of analyst reports. National Bank Financial reduced their price objective on shares of Cineplex from C$56.00 to C$46.00 in a research note on Thursday, August 3rd. Scotiabank reduced their price objective on shares of Cineplex from C$57.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. CIBC reduced their price objective on shares of Cineplex from C$55.00 to C$50.00 in a research note on Thursday, August 3rd. TD Securities reduced their price objective on shares of Cineplex from C$64.00 to C$52.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Finally, Raymond James Financial, Inc. reduced their price objective on shares of Cineplex from C$58.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$46.81.

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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