Entertainment One (LON:ETO) was upgraded by research analysts at Numis Securities to a “buy” rating in a research note issued to investors on Monday. The firm currently has a GBX 502 ($6.56) price target on the stock, up from their previous price target of GBX 340 ($4.44). Numis Securities’ price target indicates a potential upside of 20.10% from the stock’s previous close.
A number of other analysts also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Entertainment One from GBX 546 ($7.13) to GBX 572 ($7.47) and gave the stock an “overweight” rating in a report on Thursday, October 4th. Royal Bank of Canada initiated coverage on shares of Entertainment One in a report on Thursday, September 6th. They issued an “outperform” rating and a GBX 400 ($5.23) target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Entertainment One presently has a consensus rating of “Buy” and an average target price of GBX 413.50 ($5.40).
ETO stock opened at GBX 418 ($5.46) on Monday. Entertainment One has a 52 week low of GBX 210.50 ($2.75) and a 52 week high of GBX 334.40 ($4.37).
About Entertainment One
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: Buyback For Investors Defined
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.