Shares of Corus Entertainment Inc. (TSE:CJR.B) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$11.45 and last traded at C$11.45, with a volume of 152441 shares changing hands. The stock had previously closed at C$11.64.
Several analysts have issued reports on CJR.B shares. National Bank Financial cut their price target on Corus Entertainment from C$13.00 to C$12.50 and set a “sector perform” rating for the company in a report on Wednesday, September 20th. Desjardins restated a “buy” rating and issued a C$15.00 price objective on shares of Corus Entertainment in a research report on Friday, October 6th. BMO Capital Markets lowered their price objective on Corus Entertainment from C$13.50 to C$12.50 and set a “market perform” rating on the stock in a research report on Thursday, October 19th. Royal Bank Of Canada lowered their price objective on 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. Finally, Scotiabank lowered their price objective on Corus Entertainment from C$15.50 to C$15.00 and set an “outperform” rating on the stock in a research report on Monday, October 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$13.64.
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.
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