Numis Securities Reaffirms Buy Rating for Entertainment One (LON:ETO)

Numis Securities reissued their buy rating on shares of Entertainment One (LON:ETO) in a research report report published on Thursday, June 6th, Digital Look reports. The firm currently has a GBX 573 ($7.49) price target on the stock.

Several other research firms have also recently weighed in on ETO. Royal Bank of Canada increased their price objective on Entertainment One from GBX 430 ($5.62) to GBX 500 ($6.53) and gave the stock an outperform rating in a report on Thursday, April 4th. Citigroup reissued a buy rating on shares of Entertainment One in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their target price on Entertainment One from GBX 621 ($8.11) to GBX 623 ($8.14) and gave the stock an overweight rating in a research report on Friday, April 5th. Investec raised their price objective on Entertainment One from GBX 455 ($5.95) to GBX 500 ($6.53) and gave the company a buy rating in a research report on Friday, April 5th. Finally, Stifel Nicolaus raised their price objective on Entertainment One from GBX 475 ($6.21) to GBX 550 ($7.19) and gave the company a buy rating in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Entertainment One has a consensus rating of Buy and a consensus price target of GBX 536.17 ($7.01).

LON ETO traded up GBX 10.20 ($0.13) on Thursday, hitting GBX 397 ($5.19). The company’s stock had a trading volume of 3,498,859 shares, compared to its average volume of 908,232. Entertainment One has a 52-week low of GBX 333.20 ($4.35) and a 52-week high of GBX 485.40 ($6.34). 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 firm’s 50-day simple moving average is GBX 416.13. The firm has a market capitalization of $1.97 billion and a price-to-earnings ratio of 158.80.

The business also recently disclosed a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, July 11th will be given a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 0.34%. 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. Entertainment One’s dividend payout ratio (DPR) is 0.40%.

In other Entertainment One news, insider Robert McFarlane bought 10,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were acquired at an average cost of GBX 407 ($5.32) per share, for a total transaction of £40,700 ($53,181.76).

Entertainment One Company Profile

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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Analyst Recommendations for Entertainment One (LON:ETO)

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