Corus Entertainment (TSE:CJR.B) had its price objective dropped by investment analysts at Desjardins from C$11.50 to C$9.50 in a note issued to investors on Friday. Desjardins’ target price indicates a potential upside of 32.13% from the stock’s current price.
Several other analysts also recently issued reports on CJR.B. TD Securities downgraded Corus Entertainment from a “buy” rating to a “hold” rating and cut their price target for the stock from C$16.00 to C$11.00 in a report on Thursday, January 11th. CIBC lowered their target price on Corus Entertainment from C$13.00 to C$11.00 in a research report on Thursday, January 11th. Barclays lowered their target price on Corus Entertainment from C$11.00 to C$8.00 in a research report on Thursday, January 11th. Scotiabank cut Corus Entertainment from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$13.00 to C$8.50 in a research report on Thursday, January 11th. Finally, Royal Bank of Canada lowered their target price on Corus Entertainment from C$12.00 to C$10.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$8.06.
Shares of TSE CJR.B opened at C$7.19 on Friday. Corus Entertainment has a 12-month low of C$6.93 and a 12-month 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.
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