Analyst Price Target Update on Lions Gate Entertainment Corporation (NYSE:LGF)

Lions Gate Entertainment Corporation (NYSE:LGF): The stock price is expected to reach $ 28.3 in the short term. The number of analysts agreeing with this consensus is 10. The higher estimate for the short term price target is at $41 while the lower estimate is at $22. The standard deviation of the price stands at $5.7.

Many analysts have stated their opinion on the company shares. RBC Capital initiates coverage on Lions Gate Entertainment Corporation (NYSE:LGF). The current rating of the shares is Sector Perform, according to the research report released by the firm. The brokerage firm announces the price target at $22 per share. The rating by the firm was issued on April 7, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Lions Gate Entertainment Corp /Cn/, Paterson Scott had sold 40,000 shares worth of $1,496,800 in a transaction dated November 17, 2015. In this transaction, 40,000 shares were sold at $37.42 per share.

Lions Gate Entertainment Corporation (NYSE:LGF) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.04 points or 0.19% at $21.25 with 1,699,913 shares getting traded. Post opening the session at $21.23, the shares hit an intraday low of $21.07 and an intraday high of $21.77 and the price was in this range throughout the day. The company has a market cap of $3,129 million and the number of outstanding shares have been calculated to be 147,227,800 shares. The 52-week high of Lions Gate Entertainment Corporation (NYSE:LGF) is $41.41 and the 52-week low is $16.21.

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production. The Companys Motion Pictures segment consists of the development and production of feature films, acquisition of North American and global distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and global licensing of distribution rights to feature films produced and acquired. The Companys Television Production segment consists of the development, production and global distribution of television productions, including television series, television movies and mini-series and non-fiction programming.

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