Evercore ISI Cuts Lions Gate Entertainment (LGF.A) Price Target to $26.00
Lions Gate Entertainment (NYSE:LGF.A) had its price target lowered by research analysts at Evercore ISI from $31.00 to $26.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 61.59% from the company’s current price.
Several other brokerages have also recently issued reports on LGF.A. ValuEngine cut Lions Gate Entertainment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 19th. Barrington Research restated a “buy” rating and issued a $27.00 target price on shares of Lions Gate Entertainment in a report on Tuesday, November 13th. Zacks Investment Research cut Lions Gate Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Finally, Cowen upgraded Lions Gate Entertainment from a “market perform” rating to an “outperform” rating in a report on Friday, November 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $30.36.
Lions Gate Entertainment stock traded up $0.33 during mid-day trading on Thursday, hitting $16.09. 2,525 shares of the company’s stock traded hands, compared to its average volume of 838,508. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $3.57 billion, a P/E ratio of 13.06, a PEG ratio of 1.81 and a beta of 1.28. Lions Gate Entertainment has a one year low of $15.64 and a one year high of $36.48.
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