Corus Entertainment (TSE:CJR.B) Price Target Cut to C$11.00

Corus Entertainment (TSE:CJR.B) had its target price decreased by equities researchers at CIBC from C$13.00 to C$11.00 in a note issued to investors on Thursday, January 11th. CIBC’s price target points to a potential upside of 33.17% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. National Bank Financial lowered their price objective on shares of Corus Entertainment from C$13.00 to C$12.50 and set a “sector perform” rating for the company in a research report on Wednesday, September 20th. Desjardins reaffirmed a “buy” rating and set a C$15.00 price objective on shares of Corus Entertainment in a research report on Friday, October 6th. BMO Capital Markets decreased their price target on shares of Corus Entertainment from C$13.50 to C$12.50 and set a “market perform” rating for the company in a research report on Thursday, October 19th. TD Securities decreased their price target on shares of Corus Entertainment from C$17.00 to C$16.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Finally, Scotiabank decreased their price target on shares of Corus Entertainment from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Sunday, October 22nd. Seven investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of C$10.25.

Shares of Corus Entertainment (TSE CJR.B) traded down C$0.02 during midday trading on Thursday, hitting C$8.26. 456,159 shares of the stock were exchanged, compared to its average volume of 1,060,000. The firm has a market cap of $1,680.00, a P/E ratio of 8.52 and a beta of -0.02. Corus Entertainment has a fifty-two week low of C$7.96 and a fifty-two week high of C$14.10.

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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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