Corus Entertainment (TSE:CJR.B) Price Target Raised to C$6.00 at Royal Bank of Canada


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Corus Entertainment (TSE:CJR.B) had its target price boosted by Royal Bank of Canada from C$5.00 to C$6.00 in a research report released on Wednesday morning, Analyst Ratings Network reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other research analysts have also weighed in on CJR.B. TD Securities lifted their price objective on Corus Entertainment from C$7.00 to C$7.50 and gave the stock an action list buy rating in a research report on Friday, October 23rd. BMO Capital Markets raised their target price on Corus Entertainment from C$3.00 to C$4.00 in a research note on Friday, October 23rd. Scotiabank raised their target price on Corus Entertainment from C$5.00 to C$6.00 in a research note on Friday, January 8th. CIBC raised their target price on Corus Entertainment from C$4.50 to C$5.50 in a research note on Friday, October 23rd. Finally, National Bank Financial raised their target price on Corus Entertainment from C$5.00 to C$6.50 and gave the company an outperform rating in a research note on Wednesday.

CJR.B stock opened at C$4.83 on Wednesday. The stock has a 50-day moving average price of C$4.31 and a 200-day moving average price of C$3.39. Corus Entertainment has a 1-year low of C$0.00 and a 1-year high of C$5.70. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 131.81. The firm has a market cap of C$1.01 billion and a PE ratio of -1.61.

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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