Lions Gate Entertainment Corporation (LGF) : The most positive equity analysts on Lions Gate Entertainment Corporation (LGF) expects the shares to touch $41, whereas, the least positive believes that the stock will trade at $22 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $28.2 with an expected fluctuation of $5.69 from the mean.
Lions Gate Entertainment Corporation (LGF), According to the latest information the short interest in Lions Gate Entertainment shot up by 5.7% or 863,132 shares. The final shorts are 12.6% of the total floated shares. The positions increased from 15,177,822 shares on June 15,2016 to 16,040,954 on June 30,2016. According to the per-day average trading of 4,067,701 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, RBC Capital initiates coverage on Lions Gate Entertainment Corporation (NYSE:LGF) In a research note issued to the investors, the brokerage major announces price-target of $22 per share.The shares have been rated Sector Perform. 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 $19.77, the bulls momentum made the stock top out at $20.49 level for the day. The stock recorded a low of $19.68 and closed the trading day at $20.06, in the green by 1.21%. The total traded volume for the day was 3,537,852. The stock had closed at $19.82 in the previous days trading.
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.