Entertainment One (LON:ETO) had its price objective upped by Numis Securities from GBX 555 ($7.25) to GBX 573 ($7.49) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports. Numis Securities currently has a buy rating on the stock.
Several other research firms have also issued reports on ETO. Royal Bank of Canada raised their price objective on Entertainment One from GBX 430 ($5.62) to GBX 500 ($6.53) and gave the company an outperform rating in a research note on Thursday, April 4th. Citigroup reaffirmed a buy rating on shares of Entertainment One in a research note on Friday, April 12th. JPMorgan Chase & Co. raised their price objective on Entertainment One from GBX 621 ($8.11) to GBX 623 ($8.14) and gave the company an overweight rating in a research note on Friday, April 5th. Investec raised their price objective on Entertainment One from GBX 455 ($5.95) to GBX 500 ($6.53) and gave the company a buy rating in a research note on Friday, April 5th. Finally, Stifel Nicolaus raised their price objective on Entertainment One from GBX 475 ($6.21) to GBX 550 ($7.19) and gave the company a buy rating in a research note on Friday, April 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 555.60 ($7.26).
Shares of LON:ETO traded down GBX 5.60 ($0.07) during trading on Thursday, hitting GBX 465 ($6.08). The company had a trading volume of 314,547 shares, compared to its average volume of 908,232. The firm has a market capitalization of $2.32 billion and a price-to-earnings ratio of 101.09. 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 current ratio of 1.52 and a quick ratio of 1.04.
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.
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