Lions Gate Entertainment Corp. (NYSE:LGF) has been given a consensus recommendation of “Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $32.08.
Several analysts have recently weighed in on the company. Deutsche Bank AG assumed coverage on Lions Gate Entertainment Corp. in a report on Wednesday, June 28th. They issued a “hold” rating and a $29.00 target price for the company. Loop Capital reaffirmed a “buy” rating and set a $36.00 price objective (up from $29.00) on shares of Lions Gate Entertainment Corp. in a research note on Saturday, July 22nd. Macquarie reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Lions Gate Entertainment Corp. in a research note on Thursday, August 24th. Piper Jaffray Companies reissued an “overweight” rating and set a $35.00 target price on shares of Lions Gate Entertainment Corp. in a research note on Thursday, August 31st. Finally, Argus reissued a “buy” rating and set a $34.00 target price on shares of Lions Gate Entertainment Corp. in a research note on Friday, September 1st.
Lions Gate Entertainment Corp. (NYSE LGF) remained flat at $26.09 during midday trading on Wednesday. Lions Gate Entertainment Corp. has a 1-year low of $16.21 and a 1-year high of $35.13. The firm has a 50-day moving average price of $22.22 and a 200 day moving average price of $21.05.
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Lions Gate Entertainment Corp. Company Profile
Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games and location-based entertainment. The Company operates through two segments: Motion Pictures and Television Production.
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