CIBC Increases Corus Entertainment (CJR.B) Price Target to C$9.00
Corus Entertainment (TSE:CJR.B) had its price target upped by analysts at CIBC from C$8.00 to C$9.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 23.29% from the company’s previous close.
A number of other brokerages have also weighed in on CJR.B. Royal Bank of Canada upped their price target on shares of Corus Entertainment from C$7.50 to C$8.00 in a research note on Monday. BMO Capital Markets raised their price objective on shares of Corus Entertainment from C$5.00 to C$6.00 in a research note on Monday, January 14th. TD Securities upgraded shares of Corus Entertainment from a “buy” rating to an “action list buy” rating and raised their price objective for the company from C$7.50 to C$10.00 in a research note on Wednesday, February 6th. Cormark raised Corus Entertainment from a “market perform” rating to a “buy” rating and boosted their target price for the stock from C$5.65 to C$7.00 in a report on Monday, January 14th. Finally, Desjardins upped their target price on Corus Entertainment from C$6.50 to C$6.75 and gave the stock a “hold” rating in a research report on Monday, January 14th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$7.78.
Shares of CJR.B stock opened at C$7.30 on Monday. Corus Entertainment has a 1 year low of C$6.93 and a 1 year high of C$14.10.
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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