Lions Gate Entertainment Corporation (NYSE:LGF) stock is expected to deviate a maximum of $5.7 from the average target price of $28.3 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $41 and the most muted being $22.
Other Equity analysts have also commented on the company shares. RBC Capital initiates coverage on Lions Gate Entertainment Corporation (NYSE:LGF).The analysts at the brokerage house have a current rating of Sector Perform on the shares. In a recent information released to the investors, RBC Capital announces the price target of $22 per share. The rating by the firm was issued on April 7, 2016.
Lions Gate Entertainment Corporation (NYSE:LGF): stock turned positive on Thursday. Though the stock opened at $20.78, the bulls momentum made the stock top out at $21.8 level for the day. The stock recorded a low of $20.42 and closed the trading day at $21.75, in the green by 5.84%. The total traded volume for the day was 4,338,568. The stock had closed at $20.55 in the previous days trading.
The company shares have dropped -45.71% from its 1 Year high price. On Nov 12, 2015, the shares registered one year high at $41.41 and the one year low was seen on Feb 5, 2016. The 50-Day Moving Average price is $21.26 and the 200 Day Moving Average price is recorded at $23.89. On the companys insider trading activities, 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.