Entertainment One (LON:ETO) had its price objective raised by stock analysts at Numis Securities from GBX 555 ($7.25) to GBX 573 ($7.49) in a report issued on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Numis Securities’ price target would suggest a potential upside of 23.65% from the company’s previous close.
Several other research firms have also recently commented on ETO. Royal Bank of Canada lifted their target price on shares of Entertainment One from GBX 430 ($5.62) to GBX 500 ($6.53) and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Citigroup reissued a “buy” rating on shares of Entertainment One in a research report on Friday, April 12th. JPMorgan Chase & Co. lifted their target price on shares of Entertainment One from GBX 621 ($8.11) to GBX 623 ($8.14) and gave the stock an “overweight” rating in a research report on Friday, April 5th. Investec lifted their target price on shares of Entertainment One from GBX 455 ($5.95) to GBX 500 ($6.53) and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Stifel Nicolaus lifted their target price on shares of Entertainment One from GBX 475 ($6.21) to GBX 550 ($7.19) and gave the stock a “buy” rating in a research report on Friday, April 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 555.60 ($7.26).
Shares of LON ETO opened at GBX 464 ($6.06) on Thursday. Entertainment One has a one year low of GBX 277.20 ($3.62) and a one year high of GBX 485.40 ($6.34). The company has a debt-to-equity ratio of 93.39, a quick ratio of 1.04 and a current ratio of 1.52. The firm has a market cap of $2.30 billion and a price-to-earnings ratio of 100.87.
Entertainment One Company Profile
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.
Featured Article: Benefits of owning preferred stock
Receive News & Ratings for Entertainment One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entertainment One and related companies with MarketBeat.com's FREE daily email newsletter.