Lions Gate Ent Corp Cl A (LGF.A) Receives a Buy from B.Riley FBR


In a report released today, Barton Crockett from B.Riley FBR maintained a Buy rating on Lions Gate Ent Corp Cl A (NYSE: LGF.A), with a price target of $29. The company’s shares opened today at $23.50, close to its 52-week low of $21.54.

Crockett commented:

“Lions Gate’s (LGF.B-Buy, $29 PT) June-ending F1Q19 was close to what we anticipated and featured an encouraging ramp in StarzPlay international.”

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 4.9% and a 55.0% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Qurate Retail Group Inc, and Sirius XM Holdings Inc.

Lions Gate Ent Corp Cl A has an analyst consensus of Strong Buy, with a price target consensus of $29.29, representing a 24.6% upside. In a report released today, Barrington also maintained a Buy rating on the stock with a $34 price target.

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The company has a one-year high of $36.48 and a one-year low of $21.54. Currently, Lions Gate Ent Corp Cl A has an average volume of 659.3K.

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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.

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