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. The company’s shares opened today at $19.69, close to its 52-week low of $18.04.
Goss noted:
“We now sense a mid-teens number might be the area at which production will level off. Starz provides Lionsgate with an important opportunity to work its creative magic on a proprietary distribution channel, hoping to replicate its success for Netflix (Orange is the New Black) and AMC (Mad Men).The current intent is to debut a new 12-13 episode series each month, creating a steady flow of new content designed to entice new subscribers and maintain existing ones with several new episodes introduced each week as the series overlap counting the debut series and those from the prior two months, with all prior episodes stacked on VOD. Spending per series and episode can vary based on the target of the series in terms of attracting and retaining subscribers.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.8% and a 67.8% success rate. Goss covers the Services sector, focusing on stocks such as iPic Entertainment Inc, Sirius XM Holdings Inc, and Cinemark Holdings Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lions Gate Ent Corp Cl A with a $27.33 average price target, representing a 38.8% upside. In a report issued on November 9, B.Riley FBR also reiterated a Buy rating on the stock.
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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 796.3K.
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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.
