Berenberg Bank lowered shares of Entertainment One (LON:ETO) to a hold rating in a report issued on Monday morning, Digital Look reports. Berenberg Bank currently has GBX 572 ($7.47) target price on the stock, up from their previous target price of GBX 475 ($6.21).
Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on Entertainment One from GBX 655 ($8.56) to GBX 649 ($8.48) and set an overweight rating for the company in a report on Tuesday, May 21st. Numis Securities reaffirmed a buy rating and issued a GBX 573 ($7.49) price target on shares of Entertainment One in a report on Monday, June 17th. Finally, Royal Bank of Canada cut Entertainment One to a sector performer rating and increased their price target for the company from GBX 470 ($6.14) to GBX 560 ($7.32) in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 567.33 ($7.41).
LON:ETO opened at GBX 578 ($7.55) on Monday. Entertainment One has a one year low of GBX 333.20 ($4.35) and a one year high of GBX 616 ($8.05). The company has a debt-to-equity ratio of 82.41, a quick ratio of 0.99 and a current ratio of 1.46. The stock has a market cap of $2.88 billion and a PE ratio of 231.20. The stock has a 50 day moving average price of GBX 475.74 and a 200 day moving average price of GBX 442.61.
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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