Lions Gate Entertainment Corporation (NYSE:LGF) : 8 brokerage houses believe that Lions Gate Entertainment Corporation (NYSE:LGF) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Lions Gate Entertainment Corporation (NYSE:LGF). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 1.55.
Lions Gate Entertainment Corporation (NYSE:LGF) : Average target price received by Lions Gate Entertainment Corporation (NYSE:LGF) is $28.3 with an expected standard deviation of $5.7. The most aggressive target on the stock is $41, whereas the most downbeat target is $22. 10 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, RBC Capital initiates coverage on Lions Gate Entertainment Corporation (NYSE:LGF) . The global brokerage major announces a current price target of $22 per share. Analysts at the RBC Capital have a current rating of Sector Perform on the shares. The rating by the firm was issued on April 7, 2016.
Lions Gate Entertainment Corporation (NYSE:LGF): stock turned positive on Tuesday. Though the stock opened at $20.13, the bulls momentum made the stock top out at $20.49 level for the day. The stock recorded a low of $19.805 and closed the trading day at $20.11, in the green by 1.46%. The total traded volume for the day was 1,759,987. The stock had closed at $19.82 in the previous days trading.
In an insider trading activity, Paterson Scott, director of Lions Gate Entertainment Corp /Cn/, unloaded 40,000 shares at an average price of $37.42 on November 17, 2015. The total amount of the transaction was worth $1,496,800, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.