CIBC Trims Corus Entertainment (CJR.B) Target Price to C$11.00

Corus Entertainment (TSE:CJR.B) had its price target decreased by CIBC from C$13.00 to C$11.00 in a research note released on Thursday morning.

Several other brokerages have also weighed in on CJR.B. Desjardins lowered shares of Corus Entertainment from a buy rating to a hold rating and decreased their target price for the company from C$15.00 to C$11.50 in a research report on Thursday. TD Securities lowered shares of Corus Entertainment from a buy rating to a hold rating and decreased their target price for the company from C$16.00 to C$11.00 in a research report on Thursday. Scotiabank decreased their target price on shares of Corus Entertainment from C$15.00 to C$14.00 and set an outperform rating on the stock in a research report on Sunday, October 22nd. National Bank Financial upgraded shares of Corus Entertainment from a sector perform rating to an outperform rating and lifted their target price for the company from C$12.50 to C$13.00 in a research report on Thursday, October 19th. Finally, Royal Bank of Canada decreased their target price on shares of Corus Entertainment from C$13.00 to C$12.00 and set a sector perform rating on the stock in a research report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus price target of C$10.25.

Shares of Corus Entertainment (TSE CJR.B) opened at C$9.00 on Thursday. The stock 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 12-month low of C$8.73 and a 12-month high of C$14.10.

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

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About Corus Entertainment

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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