JPMorgan Chase & Co. Lowers Entertainment One (ETO) Price Target to GBX 649

Entertainment One (LON:ETO) had its price target cut by JPMorgan Chase & Co. from GBX 655 ($8.56) to GBX 649 ($8.48) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports. They currently have an overweight rating on the stock.

ETO has been the topic of several other research reports. Stifel Nicolaus boosted their price target on shares of Entertainment One from GBX 475 ($6.21) to GBX 550 ($7.19) and gave the stock a buy rating in a research report on Friday, April 5th. Investec boosted their price target on shares of Entertainment One from GBX 455 ($5.95) to GBX 500 ($6.53) and gave the stock a buy rating in a research report on Friday, April 5th. Citigroup restated a buy rating on shares of Entertainment One in a research report on Friday, April 12th. Royal Bank of Canada boosted their price target on shares of Entertainment One from GBX 430 ($5.62) to GBX 500 ($6.53) and gave the stock an outperform rating in a research report on Thursday, April 4th. Finally, Numis Securities boosted their price target on shares of Entertainment One from GBX 502 ($6.56) to GBX 555 ($7.25) and gave the stock a buy rating in a research report on Thursday, April 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 548.40 ($7.17).

Shares of ETO opened at GBX 421.80 ($5.51) on Tuesday. Entertainment One has a fifty-two week low of GBX 277.20 ($3.62) and a fifty-two week high of GBX 485.40 ($6.34). The firm has a market capitalization of $2.07 billion and a P/E ratio of 91.70. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 93.39.

The company also recently disclosed a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, July 11th will be paid a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 0.34%. This is a positive change from Entertainment One’s previous dividend of $1.40. The ex-dividend date is Thursday, July 11th. Entertainment One’s payout ratio is presently 0.22%.

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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Analyst Recommendations for Entertainment One (LON:ETO)

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