Entertainment One Ltd (ETO) Given Consensus Rating of “Buy” by Brokerages
Shares of Entertainment One Ltd (LON:ETO) have earned a consensus rating of “Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 258.13 ($3.36).
Several research firms have weighed in on ETO. Peel Hunt reiterated a “hold” rating and set a GBX 225 ($2.93) price target on shares of Entertainment One in a research note on Friday, May 12th. Credit Suisse Group reiterated a “neutral” rating and set a GBX 205 ($2.67) price target on shares of Entertainment One in a research note on Thursday, June 22nd. J P Morgan Chase & Co boosted their price target on Entertainment One from GBX 257 ($3.35) to GBX 269 ($3.50) and gave the company an “overweight” rating in a research note on Wednesday, May 24th. Citigroup Inc. began coverage on Entertainment One in a research note on Friday, July 7th. They set a “buy” rating and a GBX 295 ($3.84) price target on the stock. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 215 ($2.80) price target on shares of Entertainment One in a research note on Tuesday, May 23rd.
Shares of Entertainment One (ETO) traded down 0.70% on Friday, reaching GBX 240.30. The company’s stock had a trading volume of 483,601 shares. Entertainment One has a 12-month low of GBX 188.60 and a 12-month high of GBX 262.50. The stock’s market cap is GBX 1.03 billion. The firm has a 50 day moving average price of GBX 227.70 and a 200-day moving average price of GBX 235.68.
The company also recently declared a dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, July 6th will be paid a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 6th. This is an increase from Entertainment One’s previous dividend of $1.20.
In related news, insider Joe Sparacio bought 10,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were purchased at an average price of GBX 224 ($2.92) per share, for a total transaction of £22,400 ($29,181.87).
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About Entertainment One
Entertainment One Ltd is a Canada-based independent entertainment company 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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