DHX Media (NASDAQ:DHXM)‘s stock had its “outperform” rating reiterated by equities research analysts at Scotiabank in a report issued on Friday. They presently have a $9.00 target price on the stock. Scotiabank’s price target suggests a potential upside of 62.45% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. RBC Capital Markets restated an “outperform” rating and set a $10.00 target price on shares of DHX Media in a research report on Friday. TD Securities restated a “buy” rating and set a $9.50 target price on shares of DHX Media in a research report on Sunday, September 4th. Seven investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $10.08.
Shares of DHX Media (NASDAQ:DHXM) remained flat at $5.54 during midday trading on Friday. DHX Media has a 52 week low of $4.56 and a 52 week high of $7.40. The firm has a 50-day moving average price of $5.78 and a 200 day moving average price of $5.49. The stock has a market capitalization of $692.80 million and a price-to-earnings ratio of 27.98.
Institutional investors have recently bought and sold shares of the stock. Pembroke Management LTD raised its position in DHX Media by 0.7% in the second quarter. Pembroke Management LTD now owns 1,696,660 shares of the company’s stock worth $11,231,000 after buying an additional 12,500 shares during the period. Bank of Montreal Can purchased a new position in DHX Media during the second quarter worth $126,000. Cidel Asset Management Inc. raised its position in DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock worth $385,000 after buying an additional 700 shares during the period. Sprott Inc. raised its position in DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock worth $3,660,000 after buying an additional 212,000 shares during the period. Finally, FMR LLC raised its position in DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock worth $3,995,000 after buying an additional 60,560 shares during the period.
About DHX Media
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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