Entertainment One (LON:ETO) was upgraded by equities researchers at Numis Securities to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a GBX 502 ($6.56) price target on the stock, up from their prior price target of GBX 340 ($4.44). Numis Securities’ target price indicates a potential upside of 20.10% from the stock’s previous close.
Several other research analysts have also commented on ETO. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Entertainment One in a report on Wednesday, September 5th. 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) price target for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Entertainment One presently has a consensus rating of “Buy” and an average target price of GBX 413.50 ($5.40).
LON ETO opened at GBX 418 ($5.46) on Monday. Entertainment One has a one year low of GBX 210.50 ($2.75) and a one year 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.
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