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

Corus Entertainment (TSE:CJR.B) had its price target dropped by Scotiabank from C$1.10 to C$0.90 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 63.64% from the stock’s current price.

Several other brokerages also recently weighed in on CJR.B. CIBC reduced their target price on Corus Entertainment from C$1.15 to C$0.85 and set a “neutral” rating for the company in a research note on Monday. TD Securities decreased their price objective 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. Cormark decreased their price target on shares of Corus Entertainment from C$1.00 to C$0.60 in a research note on Monday. Finally, Canaccord Genuity Group raised their target price on 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. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$0.94.

Corus Entertainment Price Performance

Shares of Corus Entertainment stock traded down C$0.04 during trading hours on Monday, reaching C$0.55. The stock had a trading volume of 1,144,802 shares, compared to its average volume of 380,401. The firm has a market capitalization of C$107.84 million, a PE ratio of -0.26, a PEG ratio of -0.61 and a beta of 2.03. Corus Entertainment has a twelve month low of C$0.50 and a twelve month high of C$1.69. The company has a current ratio of 0.68, a quick ratio of 0.70 and a debt-to-equity ratio of 250.25. The stock’s 50 day moving average is C$0.76 and its 200 day moving average is C$0.76.

Corus Entertainment Company Profile

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.