Royal Bank of Canada Trims Corus Entertainment (TSE:CJR.B) Target Price to C$1.25

Corus Entertainment (TSE:CJR.B) had its price target reduced by Royal Bank of Canada from C$1.50 to C$1.25 in a report published on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other research firms have also recently commented on CJR.B. TD Securities cut 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 research report on Tuesday, January 16th. Canaccord Genuity Group boosted their price objective on shares of 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. Scotiabank cut their price objective on shares of Corus Entertainment from C$1.10 to C$0.90 and set a sector perform rating on the stock in a research report on Monday. CIBC cut their price objective on shares of Corus Entertainment from C$1.15 to C$0.85 and set a neutral rating on the stock in a research report on Monday. Finally, Cormark cut their price objective on shares of Corus Entertainment from C$1.00 to C$0.60 in a research report on Monday. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Corus Entertainment has an average rating of Hold and an average target price of C$0.94.

Corus Entertainment Trading Down 1.9 %

Shares of TSE CJR.B opened at C$0.51 on Monday. The company’s fifty day moving average is C$0.73 and its 200-day moving average is C$0.75. The stock has a market cap of C$100.00 million, a price-to-earnings ratio of -0.24, a P/E/G 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 quick ratio of 0.70, a current ratio of 0.68 and a debt-to-equity ratio of 250.25.

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.