B.Riley FBR Sticks to Their Buy Rating for IMAX Corp (IMAX)

By Ryan Adsit

In a report issued on March 18, Eric Wold from B.Riley FBR maintained a Buy rating on IMAX Corp (IMAXResearch Report), with a price target of $34. The company’s shares opened today at $22.80.

According to TipRanks.com, Wold is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.7% and a 37.6% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

Currently, the analyst consensus on IMAX Corp is a Strong Buy with an average price target of $27.80, a 21.9% upside from current levels. In a report issued on March 6, Barrington also maintained a Buy rating on the stock with a $27 price target.

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The company has a one-year high of $27.60 and a one-year low of $17.55. Currently, IMAX Corp has an average volume of 400.2K.

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IMAX Corp. is an entertainment technology company, which engages in the business of motion picture technologies and presentations. It operates through following four business segments: Network Business, Theater Business, New Business, and Other.