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Barrington Thinks Lions Gate Ent Corp Cl A’s Stock is Going to Recover


In a report released today, James Goss from Barrington maintained a Buy rating on Lions Gate Ent Corp Cl A (LGF.A), with a price target of $27.

Goss said:

“Reaffirm OUTPERFORM : Our fiscal 2019‐based target price is $27. The Starz platform is viewed as complementary and an extension of the film and television content creation capabilities and sizable libraries that represents the core Lionsgate strength. Management’s risk mitigation skills highlight a measured risk‐taking approach. With the settlement of the dissenter liability, at a slightly higher value than the carrying value of the liability, and funding it through debt, the company will discontinue its dividend as it works to strengthen its balance sheet and invest in various initiatives to drive growth.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 15.3% and a 71.3% success rate. Goss covers the Services sector, focusing on stocks such as iPic Entertainment Inc, Sirius XM Holdings Inc, and Cinemark Holdings Inc.

Lions Gate Ent Corp Cl A has an analyst consensus of Strong Buy, with a price target consensus of $28.50.

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The company has a one-year high of $36.48 and a one-year low of $18.04. Currently, Lions Gate Ent Corp Cl A has an average volume of 776.4K.

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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.