Entertainment One Ltd (ETO) Receives Average Rating of “Buy” from Analysts
Entertainment One Ltd (LON:ETO) has earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 258.13 ($3.33).
Several equities research analysts recently commented on ETO shares. Gabelli started coverage on shares of Entertainment One in a research note on Thursday, June 8th. They set a “buy” rating on the stock. Investec reiterated a “buy” rating and set a GBX 280 ($3.62) price target on shares of Entertainment One in a research note on Tuesday, May 23rd. Peel Hunt reiterated a “hold” rating and set a GBX 240 ($3.10) price target on shares of Entertainment One in a research note on Monday, September 4th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 215 ($2.78) price target on shares of Entertainment One in a research note on Tuesday, May 23rd. Finally, Citigroup Inc. started coverage on shares of Entertainment One in a research note on Friday, July 7th. They set a “buy” rating and a GBX 295 ($3.81) price target on the stock.
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In other Entertainment One news, insider Joe Sparacio acquired 10,000 shares of the stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of GBX 224 ($2.89) per share, with a total value of £22,400 ($28,929.36).
Shares of Entertainment One (ETO) traded down 2.73% during midday trading on Friday, hitting GBX 253.40. 964,272 shares of the stock were exchanged. The company’s market cap is GBX 1.08 billion. Entertainment One has a 12 month low of GBX 199.64 and a 12 month high of GBX 261.00. The stock has a 50 day moving average price of GBX 242.14 and a 200-day moving average price of GBX 236.82.
Entertainment One Company Profile
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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