Lions Gate Entertainment Corporation (LGF) : 12 analysts are covering Lions Gate Entertainment Corporation (LGF) and their average rating on the stock is 1.58, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Lions Gate Entertainment Corporation (LGF) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Lions Gate Entertainment Corporation (LGF) : The consensus price target for Lions Gate Entertainment Corporation (LGF) is $28 for the short term with a standard deviation of $5.67. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $22.
For the current week, the company shares have a recommendation consensus of Buy. Lions Gate Entertainment Corporation (NYSE:LGF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.99 and $21.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.01, notching a gain of 3.28% for the day. The total traded volume was 1,981,640 . The stock had closed at $21.31 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Paterson Scott, director of Lions Gate Entertainment Corp /Cn/, had unloaded 40,000 shares at an average price of $37.42 in a transaction dated on November 17, 2015. The total value of the transaction was worth $1,496,800.
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.