CIBC Increases Corus Entertainment (OTCMKTS:CJREF) Price Target to $7.25


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Corus Entertainment (OTCMKTS:CJREF) had its target price increased by equities research analysts at CIBC from $6.25 to $7.25 in a note issued to investors on Monday, The Fly reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 42.16% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. TD Securities lifted their price objective on Corus Entertainment from $7.50 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, January 13th. Scotiabank boosted their price target on Corus Entertainment from $6.00 to $10.00 and gave the company an “outperform” rating in a report on Monday. Canaccord Genuity boosted their price target on Corus Entertainment from $6.25 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 25th. Royal Bank of Canada boosted their price target on Corus Entertainment from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, January 13th. Finally, BMO Capital Markets boosted their target price on Corus Entertainment from $5.00 to $6.50 and gave the stock a “market perform” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $7.63.

Shares of OTCMKTS:CJREF opened at $5.10 on Monday. The stock has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $3.58. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -2.26 and a beta of 1.66. Corus Entertainment has a 12-month low of $1.68 and a 12-month high of $5.20. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.36.

Corus Entertainment (OTCMKTS:CJREF) last announced its quarterly earnings data on Thursday, April 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.05. Corus Entertainment had a positive return on equity of 12.40% and a negative net margin of 42.57%.

Corus Entertainment Company Profile

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates in two segments, Television and Radio. The Television segment operates 34 specialty television networks and 15 conventional television stations.

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The Fly

Analyst Recommendations for Corus Entertainment (OTCMKTS:CJREF)

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