Entertainment One Ltd (LON:ETO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $396.40. Entertainment One shares last traded at $397.20, with a volume of 516,704 shares changing hands.
A number of equities research analysts have weighed in on ETO shares. Royal Bank of Canada decreased their target price on Entertainment One from GBX 500 ($6.53) to GBX 470 ($6.14) and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Numis Securities reaffirmed a “buy” rating and set a GBX 573 ($7.49) target price on shares of Entertainment One in a research report on Monday, June 17th. JPMorgan Chase & Co. decreased their target price on Entertainment One from GBX 655 ($8.56) to GBX 649 ($8.48) and set an “overweight” rating for the company in a research report on Tuesday, May 21st. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Entertainment One in a research report on Tuesday, July 9th. Seven research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of GBX 536.17 ($7.01).
The company has a current ratio of 1.46, a quick ratio of 0.99 and a debt-to-equity ratio of 82.41. The stock has a 50-day simple moving average of GBX 425.30 and a two-hundred day simple moving average of GBX 428.54. The firm has a market capitalization of $1.98 billion and a P/E ratio of 159.36.
The company also recently announced a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, July 11th will be given a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date of this dividend is Thursday, July 11th. This is a positive change from Entertainment One’s previous dividend of $1.40. This represents a yield of 0.34%. Entertainment One’s payout ratio is 0.40%.
In related news, insider Robert McFarlane purchased 10,000 shares of Entertainment One stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average cost of GBX 407 ($5.32) per share, with a total value of £40,700 ($53,181.76).
Entertainment One Company Profile (LON:ETO)
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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