Lions Gate Entertainment Corp. (LGF) Receives Buy Rating from Argus
Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “buy” rating restated by investment analysts at Argus in a report issued on Friday. They currently have a $34.00 target price on the stock. Argus’ target price indicates a potential upside of 30.32% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Piper Jaffray Companies restated an “overweight” rating and issued a $35.00 price objective on shares of Lions Gate Entertainment Corp. in a report on Thursday. Macquarie restated an “outperform” rating and issued a $36.00 price objective on shares of Lions Gate Entertainment Corp. in a report on Thursday, August 24th. Loop Capital restated a “buy” rating and issued a $36.00 price objective (up previously from $29.00) on shares of Lions Gate Entertainment Corp. in a report on Saturday, July 22nd. Deutsche Bank AG assumed coverage on Lions Gate Entertainment Corp. in a report on Wednesday, June 28th. They issued a “hold” rating and a $29.00 price objective for the company. Finally, SunTrust Banks, Inc. upgraded Lions Gate Entertainment Corp. from a “hold” rating to a “buy” rating and raised their price objective for the company from $28.00 to $31.00 in a report on Saturday, June 3rd. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $31.63.
Shares of Lions Gate Entertainment Corp. (LGF) opened at 26.09 on Friday. Lions Gate Entertainment Corp. has a 1-year low of $16.21 and a 1-year high of $35.13. The stock’s 50 day moving average price is $22.22 and its 200 day moving average price is $21.05.
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About Lions Gate Entertainment Corp.
Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games and location-based entertainment. The Company operates through two segments: Motion Pictures and Television Production.
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