Lions Gate Ent Corp Cl A (LGF.A) Gets a Buy Rating from Barrington

By Jason Carr

Barrington analyst James Goss maintained a Buy rating on Lions Gate Ent Corp Cl A (LGF.AResearch Report) today and set a price target of $21. The company’s shares closed yesterday at $15.99.

Goss said:

“Reaffirm OUTPERFORM : Our fiscal 2020-based price target is $21. The speculation regarding the potential value in a sale of Starz should help establish a baseline value for the premium service, with additional support from investment in the international unit. These elements should help establish a floor for the perceived value of the total company, providing added support for our favorable . Additionally, management’s risk mitigation skills highlight a measured risk-taking approach. Management continues its efforts to right-size the balance sheet and the sale of a stake in Starz International will support achievement of management’s leverage targets.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 11.1% and a 55.2% success rate. Goss covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, iPic Entertainment Inc, and Sirius XM Holdings Inc.

Lions Gate Ent Corp Cl A has an analyst consensus of Moderate Buy, with a price target consensus of $21.50, which is a 34.5% upside from current levels. In a report issued on May 21, Canaccord Genuity also maintained a Buy rating on the stock with a $23 price target.

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The company has a one-year high of $27.88 and a one-year low of $12.94. Currently, Lions Gate Ent Corp Cl A has an average volume of 846.7K.

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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.