Lionsgate Entertainment (NYSE:LION) Coverage Initiated by Analysts at TD Cowen

TD Cowen initiated coverage on shares of Lionsgate Entertainment (NYSE:LION) in a research report sent to investors on Monday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $8.00 price target on the stock.

LION has been the subject of several other reports. JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $8.00 to $9.00 in a research report on Monday, March 31st. StockNews.com raised shares of Lionsgate Entertainment from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Lionsgate Entertainment Stock Down 2.8%

LION stock opened at $7.02 on Monday. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -5.66, a P/E/G ratio of 13.47 and a beta of 1.07. Lionsgate Entertainment has a 12 month low of $6.92 and a 12 month high of $8.50. The firm has a 50 day moving average of $8.51 and a two-hundred day moving average of $8.46.

About Lionsgate Entertainment

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.