TD Cowen Begins Coverage on Lionsgate Entertainment (NYSE:LION)

Research analysts at TD Cowen assumed coverage on shares of Lionsgate Entertainment (NYSE:LION) in a note issued to investors on Monday, Marketbeat reports. The firm set a “hold” rating and a $8.00 price target on the stock. TD Cowen’s price objective suggests a potential upside of 12.52% from the stock’s current price.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $8.00 to $9.00 in a report on Monday, March 31st. StockNews.com upgraded shares of Lionsgate Entertainment from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.50.

Lionsgate Entertainment Stock Performance

Shares of NYSE:LION opened at $7.11 on Monday. The company has a fifty day moving average of $8.45 and a 200-day moving average of $8.45. The company has a market capitalization of $2.05 billion, a PE ratio of -5.73, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07. Lionsgate Entertainment has a 52-week low of $6.92 and a 52-week high of $8.50.

Lionsgate Entertainment Company Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.