Entertainment One (LON:ETO) had its price target lifted by equities researchers at Stifel Nicolaus from GBX 475 ($6.21) to GBX 550 ($7.19) in a report released on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 19.57% from the company’s current price.
A number of other research analysts also recently issued reports on ETO. Citigroup reaffirmed a “buy” rating on shares of Entertainment One in a research report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Entertainment One from GBX 626 ($8.18) to GBX 621 ($8.11) and set an “overweight” rating for the company in a research report on Thursday, March 14th. Numis Securities raised their target price on shares of Entertainment One from GBX 502 ($6.56) to GBX 555 ($7.25) and gave the company a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada raised their target price on shares of Entertainment One from GBX 430 ($5.62) to GBX 500 ($6.53) and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 504.67 ($6.59).
Shares of LON:ETO opened at GBX 460 ($6.01) on Friday. The firm has a market capitalization of $2.14 billion and a PE ratio of 100.00. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 93.39. Entertainment One has a 12-month low of GBX 265.60 ($3.47) and a 12-month high of GBX 450 ($5.88).
In other Entertainment One news, insider Darren Dennis Throop sold 1,500,000 shares of the firm’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of GBX 386 ($5.04), for a total value of £5,790,000 ($7,565,660.53).
About Entertainment One
Entertainment One Ltd. engages in the acquisition, development, production, financing, distribution, and sale of family, television (TV), music, and film content rights across various media worldwide. The company operates in three segments: Family & Brands, Television, and Film. It distributes and sells films on screens in theatres and digitally, on DVDs and Blu-rays, and on TV; develops, produces, and distributes TV content across genres, platforms, and territories; and records, distributes, and licenses albums and songs.
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