Brokerages Set Corus Entertainment Inc. (TSE:CJR.B) Target Price at C$8.21

Shares of Corus Entertainment Inc. (TSE:CJR.B) have been assigned a consensus recommendation of “Strong Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$8.21.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial reduced their target price on shares of Corus Entertainment from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Cormark reduced their target price on shares of Corus Entertainment from C$8.50 to C$8.25 in a research report on Thursday, June 27th. Finally, BMO Capital Markets reduced their target price on shares of Corus Entertainment from C$7.00 to C$6.50 in a research report on Monday, September 9th.

Shares of Corus Entertainment stock traded up C$0.23 during trading on Thursday, reaching C$5.71. The company’s stock had a trading volume of 1,587,500 shares, compared to its average volume of 642,951. The business’s 50-day moving average price is C$5.25 and its 200-day moving average price is C$6.09. The firm has a market cap of $1.19 billion and a PE ratio of 7.28. Corus Entertainment has a 52 week low of C$4.12 and a 52 week high of C$8.11. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 103.12.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.20%. Corus Entertainment’s payout ratio is presently 30.61%.

About Corus Entertainment

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.

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

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