Barrington analyst James Goss reiterated a Buy rating on Lions Gate Entertainment Class A (LGF.A – Research Report) today and set a price target of $15.00. The company’s shares opened today at $7.44.
According to TipRanks, Goss is an analyst with an average return of -5.2% and a 38.42% success rate. Goss covers the Services sector, focusing on stocks such as Marcus, Nexstar Media Group, and Quinstreet.
Lions Gate Entertainment Class A has an analyst consensus of Moderate Buy, with a price target consensus of $12.80, a 72.04% upside from current levels. In a report released on November 4, J.P. Morgan also maintained a Buy rating on the stock with a $10.00 price target.
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LGF.A market cap is currently $1.66B and has a P/E ratio of -0.84.
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Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. It operates through the following business segments: Motion Pictures, Media Networks and Television Production. The Motion Pictures segment consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired. The Television Production segment involves in the development, production and worldwide distribution of television productions, including television series, television movies and mini-series and non-fiction programming. The Media Networks segment consists of starz networks, which includes the licensing of premium subscription video programming to U.S. multichannel video programming distributors; streaming services, which represents the Lionsgate legacy start-up direct to consumer streaming services on its subscription video-on-demand; and content & other, which includes the licensing of the Media Networks’ original series programming to digital media platforms, international television networks, home entertainment and other ancillary markets. The company was founded by Frank Guistra in 1987 and is headquartered in Santa Monica, CA.
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