Corus Entertainment (TSE:CJR.B) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday. They currently have a C$8.50 target price on the stock, down from their prior target price of C$13.00. Scotiabank’s target price points to a potential downside of 5.56% from the stock’s current price.
Several other analysts also recently issued reports on the stock. Barclays lowered their price objective on shares of Corus Entertainment from C$11.00 to C$8.00 in a research report on Thursday. CIBC lowered their price objective on shares of Corus Entertainment from C$13.00 to C$11.00 in a research report on Thursday. Desjardins downgraded shares of Corus Entertainment from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$15.00 to C$11.50 in a research report on Thursday. TD Securities downgraded shares of Corus Entertainment from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$16.00 to C$11.00 in a research report on Thursday. Finally, National Bank Financial upgraded Corus Entertainment from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$12.50 to C$13.00 in a research note on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of C$10.25.
Shares of Corus Entertainment (TSE CJR.B) opened at C$9.00 on Thursday. Corus Entertainment has a 1 year low of C$8.73 and a 1 year high of C$14.10. The stock has a market cap of $1,830.00, a P/E ratio of 9.28 and a beta of 0.26.
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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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