Corus Entertainment (CJR.B) Price Target Cut to C$8.00 by Analysts at Barclays

Corus Entertainment (TSE:CJR.B) had its price target decreased by Barclays from C$11.00 to C$8.00 in a report released on Thursday.

Other research analysts have also issued reports about the stock. CIBC decreased their price objective on shares of Corus Entertainment from C$13.00 to C$11.00 in a report on Thursday. Desjardins lowered shares of Corus Entertainment from a buy rating to a hold rating and decreased their price objective for the stock from C$15.00 to C$11.50 in a report on Thursday. TD Securities lowered shares of Corus Entertainment from a buy rating to a hold rating and decreased their price objective for the stock from C$16.00 to C$11.00 in a report on Thursday. National Bank Financial decreased their price objective on shares of Corus Entertainment from C$13.00 to C$12.50 and set a sector perform rating for the company in a report on Wednesday, September 20th. Finally, BMO Capital Markets decreased their price objective on shares of Corus Entertainment from C$13.50 to C$12.50 and set a market perform rating for the company in a report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating, Corus Entertainment currently has a consensus rating of Hold and an average target price of C$10.25.

Shares of Corus Entertainment (CJR.B) traded down C$0.08 during mid-day trading on Thursday, reaching C$9.00. 2,080,000 shares of the company’s stock traded hands, compared to its average volume of 625,829. The firm has a market cap of $1,830.00, a price-to-earnings ratio of 9.28 and a beta of 0.26. Corus Entertainment has a 52 week low of C$8.73 and a 52 week high of C$14.10.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 31st will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 12.67%.

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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.

Analyst Recommendations for Corus Entertainment (TSE:CJR.B)

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