Entertainment One Ltd (ETO) Reaches New 12-Month High on Analyst Upgrade

Shares of Entertainment One Ltd (LON:ETO) hit a new 52-week high on Monday after J P Morgan Chase & Co raised their price target on the stock from GBX 269 to GBX 331. J P Morgan Chase & Co currently has an overweight rating on the stock. Entertainment One traded as high as GBX 284.70 ($3.74) and last traded at GBX 283.90 ($3.73), with a volume of 664,169 shares trading hands. The stock had previously closed at GBX 282.50 ($3.71).

Other analysts have also recently issued reports about the company. Peel Hunt reiterated a “hold” rating and issued a GBX 240 ($3.16) price target on shares of Entertainment One in a research report on Wednesday, September 27th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 205 ($2.70) price target on shares of Entertainment One in a research report on Thursday, June 22nd. Citigroup Inc. assumed coverage on Entertainment One in a research report on Friday, July 7th. They issued a “buy” rating and a GBX 295 ($3.88) price target on the stock. Finally, Gabelli assumed coverage on Entertainment One in a research report on Thursday, June 8th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Entertainment One presently has an average rating of “Buy” and a consensus target price of GBX 259.11 ($3.41).

In other Entertainment One news, insider Mark William Opzoomer acquired 5,000 shares of Entertainment One stock in a transaction on Thursday, September 28th. The shares were bought at an average price of GBX 255 ($3.35) per share, with a total value of £12,750 ($16,763.08).

The firm’s market cap is GBX 1.22 billion. The company has a 50-day moving average price of GBX 253.10 and a 200-day moving average price of GBX 240.60.

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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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