Lions Gate Price Target Raised to $25.00 at Stifel Nicolaus (LGF)
Lions Gate (NYSE: LGF) had its price target raised by Stifel Nicolaus from $21.00 to $25.00 in a research note released on Wednesday morning, TheFlyOnTheWall.com reports. They currently have a buy rating on the stock.
“We are raising our target price on Lions Gate to $25 (from $21) as the company continues to see strength in all of its core units but more importantly, better than we had expected economics on “Ender’s Games” and “Divergent”. To be conservative, we are assuming that “Ender’s Game” does not warrant a sequel while “Divergent” does warrant a full film exploitation of the books. Given the likelihood that the company will have at least two major franchises through F2016, we believe that investors will increasingly use a standard EV/EBITDA valuation as opposed to a sum-of-the-parts method.,” the firm’s analyst wrote.
A number of other analysts have also recently weighed in on LGF. Analysts at B. Riley Caris raised their price target on shares of Lions Gate from $23.00 to $27.00 in a research note to investors on Wednesday. They now have a buy rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Lions Gate in a research note to investors on Monday, February 18th. They now have a $21.00 price target on the stock. Finally, analysts at S&P Equity Research raised their price target on shares of Lions Gate from $19.00 to $22.00 in a research note to investors on Wednesday, February 13th.
Nine analysts have rated the stock with a buy rating, one has issued an overweight rating, and one has assigned a hold rating to the stock. Lions Gate presently has an average rating of buy and an average price target of $23.00.
Lions Gate (NYSE: LGF) traded down 2.11% on Wednesday, hitting $22.78. Lions Gate has a 52-week low of $11.26 and a 52-week high of $23.45. The stock’s 50-day moving average is currently $20.35. The company has a market cap of $3.080 billion and a price-to-earnings ratio of 69.05.
Lions Gate Entertainment Corp. is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.