CIBC Trims Corus Entertainment (CJR.B) Target Price to C$11.00

Corus Entertainment (TSE:CJR.B) had its price objective decreased by CIBC from C$13.00 to C$11.00 in a research note issued to investors on Thursday.

Other research analysts have also issued reports about the stock. National Bank Financial lowered their target price on shares of Corus Entertainment from C$13.00 to C$12.50 and set a sector perform rating on the stock in a research note on Wednesday, September 20th. Desjardins reiterated a buy rating and issued a C$15.00 target price on shares of Corus Entertainment in a research note on Friday, October 6th. BMO Capital Markets lowered their target price on shares of Corus Entertainment from C$13.50 to C$12.50 and set a market perform rating on the stock in a research note on Thursday, October 19th. TD Securities lowered shares of Corus Entertainment from a buy rating to a hold rating and lowered their target price for the company from C$16.00 to C$11.00 in a research note on Thursday. Finally, Scotiabank lowered their target price on shares of Corus Entertainment from C$15.00 to C$14.00 and set an outperform rating on the stock in a research note on Sunday, October 22nd. Seven analysts have rated the stock with a hold rating, Corus Entertainment currently has a consensus rating of Hold and a consensus price target of C$10.25.

Corus Entertainment (TSE:CJR.B) opened at C$9.00 on Thursday. Corus Entertainment has a 12 month low of C$8.73 and a 12 month high of C$14.10. The stock has a market cap of $1,830.00, a price-to-earnings ratio of 9.28 and a beta of 0.26.

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 31st will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $1.14 annualized dividend and a yield of 12.67%.

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Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.

Analyst Recommendations for Corus Entertainment (TSE:CJR.B)

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