Entertainment One Ltd (LON:ETO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Entertainment One Ltd (LON:ETO) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 258.13 ($3.40).

Several equities research analysts have issued reports on ETO shares. Royal Bank Of Canada started coverage on shares of Entertainment One in a research note on Thursday, April 13th. They set an “outperform” rating and a GBX 290 ($3.83) price objective for the company. Peel Hunt reiterated a “hold” rating and set a GBX 225 ($2.97) price objective on shares of Entertainment One in a research note on Friday, May 12th. J P Morgan Chase & Co boosted their price objective on shares of Entertainment One from GBX 257 ($3.39) to GBX 269 ($3.55) and gave the stock an “overweight” rating in a research note on Wednesday, May 24th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 215 ($2.84) price objective on shares of Entertainment One in a research note on Tuesday, May 23rd. Finally, N+1 Singer reiterated a “hold” rating and set a GBX 240 ($3.17) price objective on shares of Entertainment One in a research note on Friday, May 12th.

Entertainment One (LON:ETO) traded down 0.04% during midday trading on Friday, reaching GBX 239.50. 221,366 shares of the company’s stock were exchanged. The firm’s market capitalization is GBX 1.03 billion. Entertainment One has a 52 week low of GBX 192.45 and a 52 week high of GBX 262.50. The stock’s 50 day moving average is GBX 228.75 and its 200 day moving average is GBX 235.68.

The company also recently announced a dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, July 6th will be given a dividend of GBX 1.30 ($0.02) per share. This is a boost from Entertainment One’s previous dividend of $1.20. This represents a dividend yield of 0.55%. The ex-dividend date is Thursday, July 6th.

In other news, insider Joe Sparacio bought 10,000 shares of Entertainment One stock in a transaction dated Friday, June 23rd. The shares were acquired at an average cost of GBX 224 ($2.95) per share, with a total value of £22,400 ($29,547.55).

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About Entertainment One

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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