Corus Entertainment (TSE:CJR.B) Given a C$7.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a C$7.00 price objective on Corus Entertainment (TSE:CJR.B) in a research report released on Tuesday, June 4th, BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Several other brokerages also recently commented on CJR.B. TD Securities raised Corus Entertainment from a buy rating to an action list buy rating and upped their price objective for the company from C$7.50 to C$10.00 in a research report on Wednesday, February 6th. National Bank Financial upped their price objective on Corus Entertainment from C$6.50 to C$7.00 and gave the company an outperform rating in a research report on Tuesday, March 12th. CIBC upped their price objective on Corus Entertainment from C$8.00 to C$9.00 in a research report on Monday, April 8th. Royal Bank of Canada upped their price objective on Corus Entertainment from C$7.00 to C$7.50 and gave the company a sector perform rating in a research report on Tuesday, April 2nd. Finally, Desjardins increased their price target on Corus Entertainment from C$6.75 to C$7.25 in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of C$8.43.

Shares of CJR.B traded down C$0.05 during mid-day trading on Tuesday, hitting C$6.14. 1,375,315 shares of the stock were exchanged, compared to its average volume of 642,951. The stock has a 50-day simple moving average of C$6.57. Corus Entertainment has a 52-week low of C$3.62 and a 52-week high of C$8.11. The stock has a market cap of $1.28 billion and a P/E ratio of 7.83. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 103.12.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.91%. The ex-dividend date was Thursday, June 13th. Corus Entertainment’s dividend payout ratio is currently 30.61%.

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.

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

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