Cineplex Inc (CGX) Insider Lorraine Marie Legault Sells 1,625 Shares

Cineplex Inc (TSE:CGX) insider Lorraine Marie Legault sold 1,625 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of C$37.13, for a total transaction of C$60,336.25.

Shares of Cineplex Inc (TSE CGX) traded up C$0.77 during trading on Tuesday, hitting C$37.27. 178,020 shares of the stock were exchanged, compared to its average volume of 167,456. Cineplex Inc has a twelve month low of C$34.43 and a twelve month high of C$54.81.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were paid a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Thursday, September 28th. Cineplex’s payout ratio is 159.71%.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.thestockobserver.com/2017/11/14/cineplex-inc-cgx-insider-lorraine-marie-legault-sells-1625-shares.html.

Several analysts have commented on the stock. TD Securities decreased their target price on shares of Cineplex from C$52.00 to C$47.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. National Bank Financial decreased their target price on shares of 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. Raymond James Financial, Inc. decreased their target price on shares of 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 reissued an “outperform” rating and issued a C$46.00 target price on shares of Cineplex in a research report on Wednesday, September 20th. Finally, BMO Capital Markets reduced their price objective on shares of Cineplex from C$48.00 to C$44.00 and set an “outperform” rating for the company in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock 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.

Receive News & Ratings for Cineplex Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply