Brokerages Set Lions Gate Entertainment Corp. (LGF.B) Target Price at $31.50

Lions Gate Entertainment Corp. (NYSE:LGF.B) has earned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $31.50.

Several equities analysts recently commented on the stock. ValuEngine downgraded shares of Lions Gate Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday. Loop Capital dropped their price objective on shares of Lions Gate Entertainment from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Finally, Imperial Capital assumed coverage on shares of Lions Gate Entertainment in a research note on Thursday, July 19th. They issued an “outperform” rating and a $28.00 price objective for the company.

Shares of NYSE LGF.B traded down $0.23 during trading hours on Friday, hitting $17.61. 649,108 shares of the stock were exchanged, compared to its average volume of 542,974. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 21.22 and a beta of 1.95. Lions Gate Entertainment has a 1-year low of $16.82 and a 1-year high of $34.41.

Lions Gate Entertainment (NYSE:LGF.B) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $932.70 million for the quarter. Lions Gate Entertainment had a net margin of 7.20% and a return on equity of 8.56%.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Sunday, September 30th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, September 27th.

In other Lions Gate Entertainment news, Vice Chairman Michael Raymond Burns purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, September 25th. The stock was purchased at an average price of $20.43 per share, with a total value of $1,021,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Malone sold 37,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $22.48, for a total transaction of $831,760.00. The disclosure for this sale can be found here.

Lions Gate Entertainment Company Profile

Further Reading: The Role of a Fiduciary and Individual Investors

Analyst Recommendations for Lions Gate Entertainment (NYSE:LGF.B)

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