Entertainment One Ltd (ETO) Reaches New 1-Year High After Analyst Upgrade
Entertainment One Ltd (LON:ETO) hit a new 52-week high during mid-day trading on Monday after J P Morgan Chase & Co raised their price target on the stock from GBX 269 to GBX 331. J P Morgan Chase & Co currently has an overweight rating on the stock. Entertainment One traded as high as GBX 284.70 ($3.74) and last traded at GBX 283.90 ($3.73), with a volume of 664,169 shares traded. The stock had previously closed at GBX 282.50 ($3.71).
Several other brokerages also recently issued reports on ETO. Peel Hunt reiterated a “hold” rating and set a GBX 240 ($3.16) price target on shares of Entertainment One in a report on Wednesday, September 27th. Citigroup Inc. reiterated a “buy” rating and set a GBX 295 ($3.88) price target on shares of Entertainment One in a report on Tuesday, September 26th. Credit Suisse Group reiterated a “neutral” rating on shares of Entertainment One in a report on Friday, July 21st. Finally, Gabelli began coverage on Entertainment One in a report on Thursday, June 8th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 259.11 ($3.41).
In other Entertainment One news, insider Mark William Opzoomer acquired 5,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were acquired at an average price of GBX 255 ($3.35) per share, with a total value of £12,750 ($16,763.08).
The firm’s market cap is GBX 1.22 billion. The firm has a 50-day moving average of GBX 252.19 and a 200-day moving average of GBX 240.16.
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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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