Eros International plc Now Covered by Jefferies Group (EROS)
Analysts at Jefferies Group started coverage on shares of Eros International plc (NASDAQ:EROS) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a $18.00 price target on the stock. Jefferies Group’s price objective would suggest a potential upside of 31.87% from the company’s current price.
Shares of Eros International plc (NASDAQ:EROS) traded down 6.95% during mid-day trading on Thursday, hitting $13.65. 226,683 shares of the company’s stock traded hands. Eros International plc has a 52 week low of $8.60 and a 52 week high of $16.98. The stock has a 50-day moving average of $15.20 and a 200-day moving average of $14.24. The company has a market cap of $761.0 million and a price-to-earnings ratio of 22.50.
Eros International plc (NASDAQ:EROS) last announced its earnings results on Thursday, June 12th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.02. The company had revenue of $63.30 million for the quarter, compared to the consensus estimate of $65.07 million. On average, analysts predict that Eros International plc will post $0.93 earnings per share for the current fiscal year.
Eros International Plc (NASDAQ:EROS) is an integrated media and entertainment company.
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