Barrington Research reaffirmed their buy rating on shares of Lions Gate Entertainment (NYSE:LGF.A) in a research note issued to investors on Friday, AnalystRatings.com reports. Barrington Research currently has a $21.00 price objective on the stock.
“Reaffirm OUTPERFORM : Our fiscal 2020-based price target is $21. The speculation regarding the potential value in a sale of Starz should help establish a baseline value for the premium service, with additional support from investment in the international unit. These elements should help establish a floor for the perceived value of the total company, providing added support for our favorable . Additionally, management’s risk mitigation skills highlight a measured risk-taking approach. Management continues its efforts to right-size the balance sheet and the sale of a stake in Starz International will support achievement of management’s leverage targets.”,” the firm’s analyst commented.
Several other brokerages also recently issued reports on LGF.A. ValuEngine downgraded Lions Gate Entertainment from a sell rating to a strong sell rating in a research report on Monday, February 4th. Macquarie reiterated a buy rating and issued a $29.00 price objective on shares of Lions Gate Entertainment in a research report on Monday, February 11th. Zacks Investment Research upgraded Lions Gate Entertainment from a hold rating to a strong-buy rating and set a $18.00 price objective for the company in a research report on Tuesday, April 2nd. Finally, Imperial Capital downgraded Lions Gate Entertainment from an outperform rating to an in-line rating and set a $24.00 price objective for the company. in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Lions Gate Entertainment currently has an average rating of Buy and a consensus price target of $25.22.
About Lions Gate Entertainment
Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location-based entertainment in Canada, the United States, and internationally. The company operates through three segments: Motion Pictures, Television Production, and Media Networks.
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