CIBC Cuts Corus Entertainment (CJR.B) Price Target to C$9.00

Corus Entertainment (TSE:CJR.B) had its price target lowered by analysts at CIBC from C$11.00 to C$9.00 in a research note issued to investors on Friday. CIBC’s target price suggests a potential upside of 25.17% from the company’s previous close.

CJR.B has been the topic of a number of other research reports. Desjardins downgraded Corus Entertainment from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$11.50 in a report on Thursday, January 11th. National Bank Financial downgraded Corus Entertainment from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$13.00 to C$9.50 in a report on Thursday, January 11th. Barclays lowered their target price on Corus Entertainment from C$11.00 to C$8.00 in a report on Thursday, January 11th. Royal Bank of Canada lowered their target price on Corus Entertainment from C$10.00 to C$8.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, Scotiabank lowered their target price on Corus Entertainment from C$8.50 to C$8.00 and set a “sector perform” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Corus Entertainment presently has an average rating of “Hold” and a consensus target price of C$8.06.

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Shares of Corus Entertainment stock traded down C$0.16 during trading on Friday, hitting C$7.19. 276,976 shares of the company’s stock traded hands, compared to its average volume of 642,951. Corus Entertainment has a 1 year low of C$6.93 and a 1 year high of C$14.10.

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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.

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

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