Lions Gate Entertainment Co. Class B Non-Voting Shares (NYSE:LGF.B) had its price objective dropped by equities research analysts at Royal Bank of Canada to $35.00 in a research report issued on Monday, The Fly reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 37.04% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. SunTrust Banks cut Lions Gate Entertainment Co. Class B Non-Voting Shares from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley dropped their target price on Lions Gate Entertainment Co. Class B Non-Voting Shares from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Rosenblatt Securities raised Lions Gate Entertainment Co. Class B Non-Voting Shares from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.33.
Lions Gate Entertainment Co. Class B Non-Voting Shares (NYSE LGF.B) opened at $25.54 on Monday. The company has a market capitalization of $3,291.89, a PE ratio of 12.64 and a beta of -0.29. Lions Gate Entertainment Co. Class B Non-Voting Shares has a one year low of $22.50 and a one year high of $34.41. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.16.
In related news, Director John C. Malone sold 3,101 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $31.54, for a total value of $97,805.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Malone sold 71,156 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $29.44, for a total value of $2,094,832.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 593,101 shares of company stock worth $18,258,300.
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