DHX Media (DHX) Downgraded to Underperform at CIBC
DHX Media (TSE:DHX) was downgraded by analysts at CIBC from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday. They presently have a C$2.50 target price on the stock, up from their previous target price of C$2.00. CIBC’s price objective suggests a potential downside of 11.03% from the company’s current price.
Several other research firms have also issued reports on DHX. Echelon Wealth Partners lowered shares of DHX Media from a “buy” rating to a “speculative buy” rating and decreased their price target for the stock from C$5.75 to C$3.75 in a research report on Friday, September 14th. National Bank Financial lifted their price objective on shares of DHX Media from C$1.50 to C$2.75 and gave the stock a “sector perform” rating in a research report on Wednesday. Royal Bank of Canada lowered their price objective on shares of DHX Media from C$4.00 to C$2.00 and set a “sector perform” rating on the stock in a research report on Friday, September 14th. Cormark lifted their price objective on shares of DHX Media from C$1.50 to C$1.80 in a research report on Wednesday, September 26th. Finally, BMO Capital Markets lifted their price objective on shares of DHX Media from C$1.50 to C$2.50 in a research report on Wednesday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$2.72.
DHX Media stock opened at C$2.81 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.00 and a debt-to-equity ratio of 216.22. DHX Media has a 1 year low of C$1.09 and a 1 year high of C$3.52.
In related news, insider Douglas Edward John Lamb bought 20,000 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was bought at an average price of C$2.15 per share, with a total value of C$43,000.00. Also, insider David A. Regan sold 50,000 shares of DHX Media stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of C$2.07, for a total transaction of C$103,500.00. Over the last quarter, insiders have acquired 80,500 shares of company stock worth $155,946.
About DHX Media
DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.
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