DHX Media Downgraded by Scotiabank to “Sector Perform” (DHX)
DHX Media (TSE:DHX) was downgraded by Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued on Monday. They currently have a C$6.00 price target on the stock. Scotiabank’s target price indicates a potential downside of 16.20% from the stock’s previous close.
Shares of DHX Media (TSE:DHX) traded down 0.84% on Monday, hitting $7.10. The stock had a trading volume of 571,497 shares. DHX Media has a 1-year low of $2.69 and a 1-year high of $7.29. The stock has a 50-day moving average of $6.63 and a 200-day moving average of $5.43. The company has a market cap of $827.7 million and a price-to-earnings ratio of 102.29.
A number of other firms have also recently commented on DHX. Analysts at GMP Securities initiated coverage on shares of DHX Media in a research note on Tuesday, July 22nd. They set a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of DHX Media from C$6.50 to C$7.50 in a research note on Monday, July 14th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of DHX Media from C$6.70 to C$7.60 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$7.09.
DHX Media Ltd. (TSE:DHX) is a Canada-based company engaged in the supply and distribution of television and film productions.
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