WildBrain (TSE:WILD) Downgraded by Canaccord Genuity Group to Hold

WildBrain (TSE:WILDGet Free Report) was downgraded by investment analysts at Canaccord Genuity Group from a “speculative buy” rating to a “hold” rating in a report released on Monday, BayStreet.CA reports. They presently have a C$1.00 price objective on the stock, down from their previous price objective of C$2.00. Canaccord Genuity Group’s target price suggests a potential downside of 1.96% from the company’s previous close.

A number of other equities research analysts have also recently commented on WILD. Benchmark lowered their price objective on shares of WildBrain from C$4.00 to C$3.00 in a research note on Monday, February 12th. National Bankshares dropped their price objective on shares of WildBrain from C$1.40 to C$1.20 and set a “sector perform” rating for the company in a research note on Monday. Finally, Royal Bank of Canada cut their price objective on WildBrain from C$2.50 to C$2.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 6th.

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WildBrain Price Performance

WildBrain stock traded up C$0.03 during trading hours on Monday, hitting C$1.02. The stock had a trading volume of 72,354 shares, compared to its average volume of 57,182. WildBrain has a 1-year low of C$0.96 and a 1-year high of C$2.23. The stock has a market capitalization of C$209.99 million, a price-to-earnings ratio of -4.86, a PEG ratio of 6.85 and a beta of 0.83. The stock’s fifty day moving average is C$1.13 and its two-hundred day moving average is C$1.18. The company has a debt-to-equity ratio of 182.21, a current ratio of 1.22 and a quick ratio of 0.88.

About WildBrain

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WildBrain Ltd. develops, produces, and distributes films and television programs in Canada, the United States, the United Kingdom, and internationally. The company operates through two segments, Content and Canadian Television Broadcasting. It focuses on children's and family content, including animated series; provides content production and distribution services; and operates children's ad-supported video-on-demand (AVOD) channels on YouTube and other AVOD platforms.

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