Analysts Set Corus Entertainment Inc. (TSE:CJR.B) Target Price at C$0.94

Corus Entertainment Inc. (TSE:CJR.B) has been assigned a consensus rating of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$0.94.

CJR.B has been the topic of several research analyst reports. Royal Bank of Canada cut their target price on Corus Entertainment from C$1.50 to C$1.25 and set a “sector perform” rating on the stock in a research report on Monday, April 15th. CIBC cut their target price on Corus Entertainment from C$1.15 to C$0.85 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Cormark cut their target price on Corus Entertainment from C$1.00 to C$0.60 in a research report on Monday, April 15th. TD Securities cut Corus Entertainment from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$2.50 to C$0.70 in a research note on Monday, April 15th. Finally, Scotiabank reduced their price objective on Corus Entertainment from C$1.10 to C$0.90 and set a “sector perform” rating for the company in a research note on Monday, April 15th.

Corus Entertainment Price Performance

Shares of CJR.B opened at C$0.53 on Monday. Corus Entertainment has a 12-month low of C$0.50 and a 12-month high of C$1.69. The business has a 50-day simple moving average of C$0.70 and a two-hundred day simple moving average of C$0.74. The company has a quick ratio of 0.70, a current ratio of 0.68 and a debt-to-equity ratio of 250.25. The stock has a market cap of C$103.92 million, a PE ratio of -0.25, a PEG ratio of -0.61 and a beta of 2.03.

About Corus Entertainment

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.