Royal Bank of Canada Cuts Corus Entertainment (CJR.B) Price Target to C$8.00

Corus Entertainment (TSE:CJR.B) had its price target reduced by Royal Bank of Canada from C$10.00 to C$8.00 in a research report released on Wednesday morning. They currently have a sector perform rating on the stock.

CJR.B has been the topic of a number of other reports. Scotiabank decreased their price objective 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. National Bank Financial downgraded Corus Entertainment from a sector perform rating to an underperform rating and decreased their price objective for the company from C$9.50 to C$5.50 in a report on Wednesday, March 28th. Barclays decreased their price objective on Corus Entertainment from C$11.00 to C$8.00 in a report on Thursday, January 11th. TD Securities downgraded Corus Entertainment from a buy rating to a hold rating and decreased their price objective for the company from C$16.00 to C$11.00 in a report on Thursday, January 11th. Finally, Desjardins downgraded Corus Entertainment from a buy rating to a hold rating and decreased their price objective for the company from C$15.00 to C$11.50 in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of C$8.06.

How to Become a New Pot Stock Millionaire

TSE CJR.B opened at C$7.19 on Wednesday. Corus Entertainment has a 1-year low of C$6.93 and a 1-year high of C$14.10.

The firm also recently announced a monthly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 30th will be issued a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 15.86%. The ex-dividend date is Friday, April 13th.

TRADEMARK VIOLATION NOTICE: “Royal Bank of Canada Cuts Corus Entertainment (CJR.B) Price Target to C$8.00” was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3336784/royal-bank-of-canada-cuts-corus-entertainment-cjr-b-price-target-to-c8-00.html.

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)

Receive News & Ratings for Corus Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corus Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Campbell Soup  Forecasted to Post Q3 2018 Earnings of $0.60 Per Share
Campbell Soup Forecasted to Post Q3 2018 Earnings of $0.60 Per Share
Infineon Technologies  PT Set at €28.00 by Goldman Sachs
Infineon Technologies PT Set at €28.00 by Goldman Sachs
Hauck & Aufhaeuser Reiterates €16.50 Price Target for Hamburger Hafen und Logistik
Hauck & Aufhaeuser Reiterates €16.50 Price Target for Hamburger Hafen und Logistik
Drägerwerk  Earns “Neutral” Rating from Deutsche Bank
Drägerwerk Earns “Neutral” Rating from Deutsche Bank
Daimler  Given a €73.00 Price Target by Barclays Analysts
Daimler Given a €73.00 Price Target by Barclays Analysts
Hugo Boss’  “Neutral” Rating Reaffirmed at DZ Bank
Hugo Boss’ “Neutral” Rating Reaffirmed at DZ Bank


Leave a Reply

© 2006-2018 Ticker Report. Google+.