Corus Entertainment (TSE:CJR.B) was upgraded by Cormark from a “market perform” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a C$7.00 target price on the stock, up from their previous target price of C$5.65. Cormark’s price objective suggests a potential upside of 18.74% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. CIBC upgraded shares of Corus Entertainment from a “neutral” rating to an “outperform” rating in a report on Monday, October 22nd. National Bank Financial decreased their price target on shares of Corus Entertainment from C$5.50 to C$4.75 and set a “sector perform” rating on the stock in a report on Monday, September 24th. Finally, TD Securities lifted their price target on shares of Corus Entertainment from C$6.50 to C$7.50 and gave the company a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Corus Entertainment presently has an average rating of “Buy” and a consensus price target of C$6.69.
Shares of CJR.B traded up C$0.22 during mid-day trading on Monday, reaching C$5.90. The company had a trading volume of 699,010 shares, compared to its average volume of 642,951. Corus Entertainment has a fifty-two week low of C$6.93 and a fifty-two week high of C$14.10.
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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