Scotiabank Lowers Corus Entertainment (TSE:CJR.B) Price Target to C$0.90

Corus Entertainment (TSE:CJR.B) had its target price lowered by Scotiabank from C$1.10 to C$0.90 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 66.67% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group boosted their target price on shares of Corus Entertainment from C$0.50 to C$0.65 and gave the company a “sell” rating in a research report on Monday, January 15th. Cormark cut their price target on Corus Entertainment from C$1.00 to C$0.60 in a research note on Monday. CIBC reduced their target price on Corus Entertainment from C$1.15 to C$0.85 and set a “neutral” rating on the stock in a report on Monday. Finally, TD Securities dropped their target price on shares of Corus Entertainment from C$4.50 to C$2.50 and set a “speculative buy” rating on the stock in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$0.94.

Corus Entertainment Trading Up 1.9 %

CJR.B stock opened at C$0.54 on Monday. Corus Entertainment has a one year low of C$0.50 and a one year high of C$1.69. The stock has a market cap of C$105.88 million, a price-to-earnings ratio of -0.25, a price-to-earnings-growth ratio of -0.61 and a beta of 2.03. The company has a fifty day moving average price of C$0.74 and a two-hundred day moving average price of C$0.75. The company has a debt-to-equity ratio of 250.25, a current ratio of 0.68 and a quick ratio of 0.70.

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.