CIBC Increases Corus Entertainment (TSE:CJR.B) Price Target to C$7.25


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Corus Entertainment (TSE:CJR.B) had its target price raised by investment analysts at CIBC from C$6.25 to C$7.25 in a research note issued to investors on Monday, Analyst Ratings Network reports. The firm presently has a “strong-buy” rating on the stock. CIBC’s price target suggests a potential upside of 13.46% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. TD Securities raised their price objective on shares of Corus Entertainment from C$7.50 to C$9.00 and gave the stock an “action list buy” rating in a research note on Wednesday, January 13th. Canaccord Genuity raised their price objective on shares of Corus Entertainment from C$7.00 to C$7.50 and gave the stock a “strong-buy” rating in a research note on Monday. Scotiabank raised their price objective on shares of Corus Entertainment from C$5.00 to C$6.00 in a research note on Friday, January 8th. Royal Bank of Canada restated an “outperform” rating and issued a C$7.00 price objective (up previously from C$6.00) on shares of Corus Entertainment in a research note on Friday, April 9th. Finally, BMO Capital Markets lifted their price target on shares of Corus Entertainment from C$5.00 to C$6.50 and gave the stock a “strong-buy” rating in a research note on Monday. Four investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Corus Entertainment currently has a consensus rating of “Strong Buy” and an average target price of C$7.72.

Shares of Corus Entertainment stock opened at C$6.39 on Monday. The company’s fifty day simple moving average is C$5.82 and its 200-day simple moving average is C$4.58. The company has a market cap of C$1.33 billion and a price-to-earnings ratio of -2.13. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 146.83. Corus Entertainment has a 1 year low of C$2.29 and a 1 year high of C$6.54.

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 through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.

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

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