JPMorgan Chase & Co. Increases Entertainment One Ltd (ETO) Price Target to GBX 269
Entertainment One Ltd (LON:ETO) had its target price hoisted by JPMorgan Chase & Co. from GBX 257 ($3.34) to GBX 269 ($3.50) in a research note issued to investors on Wednesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 11.07% from the stock’s previous close.
Several other research firms have also issued reports on ETO. Investec restated a “buy” rating and issued a GBX 280 ($3.64) price target on shares of Entertainment One in a research report on Tuesday. Numis Securities Ltd restated a “hold” rating and issued a GBX 215 ($2.80) price target on shares of Entertainment One in a research report on Tuesday. Peel Hunt restated a “hold” rating and issued a GBX 225 ($2.93) price target on shares of Entertainment One in a research report on Tuesday. N+1 Singer restated a “hold” rating and issued a GBX 240 ($3.12) price target on shares of Entertainment One in a research report on Friday, May 12th. Finally, Royal Bank of Canada initiated coverage on Entertainment One in a research report on Thursday, April 13th. They issued an “outperform” rating and a GBX 290 ($3.77) price target on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 239.38 ($3.11).
Shares of Entertainment One (LON:ETO) traded up 2.02% during mid-day trading on Wednesday, hitting GBX 242.20. The stock had a trading volume of 997,103 shares. The stock’s market cap is GBX 1.03 billion. The firm’s 50-day moving average price is GBX 243.11 and its 200 day moving average price is GBX 235.07. Entertainment One has a 12-month low of GBX 144.20 and a 12-month high of GBX 262.50.
The firm also recently announced a dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, July 6th will be issued a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date is Thursday, July 6th. This is a positive change from Entertainment One’s previous dividend of $1.20. This represents a yield of 0.55%.
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About Entertainment One
Entertainment One Ltd. is an independent entertainment company. The Company is focused on the acquisition, production and distribution of television, family, film and music content rights across all media across the world. The Company’s segments include Television, Family and Film. The Television segment is engaged in the production, acquisition and exploitation of television and music content rights across all media.
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