Brokerages Set Corus Entertainment (CJR.B) Price Target at $8.06

Corus Entertainment (TSE:CJR.B) has been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$8.00.

CJR.B has been the topic of a number of recent analyst reports. Desjardins lowered Corus Entertainment from a “buy” rating to a “hold” rating and cut their target price for the company from C$15.00 to C$11.50 in a research report on Thursday, January 11th. National Bank Financial lowered Corus Entertainment from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from C$9.50 to C$5.50 in a research report on Wednesday, March 28th. Scotiabank lowered Corus Entertainment from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$13.00 to C$8.50 in a research report on Thursday, January 11th. Barclays dropped their price target on Corus Entertainment from C$11.00 to C$8.00 in a research report on Thursday, January 11th. Finally, TD Securities lowered Corus Entertainment from a “buy” rating to a “hold” rating and dropped their price target for the company from C$16.00 to C$11.00 in a research report on Thursday, January 11th.

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Shares of CJR.B traded down C$0.18 during trading on Friday, reaching C$6.64. The company’s stock had a trading volume of 806,375 shares, compared to its average volume of 642,951. Corus Entertainment has a twelve month low of C$6.93 and a twelve month high of C$14.10.

The company also recently declared a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 30th will be given a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 17.17%. The ex-dividend date of this dividend is Friday, April 13th.

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Corus Entertainment Company Profile

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.

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

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