DHX Media (TSE:DHX) had its price target cut by stock analysts at Royal Bank of Canada from C$3.00 to C$2.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 44.51% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. TD Securities reduced their price target on shares of DHX Media from C$2.75 to C$2.25 and set a “hold” rating on the stock in a research report on Wednesday, February 13th. National Bank Financial reduced their price target on shares of DHX Media from C$2.75 to C$2.25 and set a “sector perform” rating on the stock in a research report on Wednesday, February 13th. CIBC reduced their price target on shares of DHX Media from C$2.50 to C$2.25 in a research report on Wednesday, February 13th. Finally, B. Riley raised their target price on shares of DHX Media from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$2.57.
TSE DHX traded down C$0.08 on Wednesday, reaching C$1.73. 74,996 shares of the company’s stock traded hands, compared to its average volume of 246,363. DHX Media has a 12 month low of C$1.09 and a 12 month high of C$3.69. The company has a debt-to-equity ratio of 112.06, a current ratio of 1.69 and a quick ratio of 1.05. The stock has a market capitalization of $258.97 million and a P/E ratio of -4.66.
DHX Media Company Profile
DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.
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