Entertainment One (LON:ETO) Cut to “Hold” at Berenberg Bank
Berenberg Bank cut shares of Entertainment One (LON:ETO) to a hold rating in a research report report published on Monday, Digital Look reports. The brokerage currently has GBX 572 ($7.47) price target on the stock, up from their prior price target of GBX 475 ($6.21).
A number of other brokerages have also weighed in on ETO. Royal Bank of Canada lowered Entertainment One to a sector performer rating and increased their price objective for the company from GBX 470 ($6.14) to GBX 560 ($7.32) in a report on Friday, August 23rd. JPMorgan Chase & Co. cut their price objective on Entertainment One from GBX 655 ($8.56) to GBX 649 ($8.48) and set an overweight rating on the stock in a report on Tuesday, May 21st. Finally, Numis Securities reissued a buy rating and issued a GBX 573 ($7.49) price objective on shares of Entertainment One in a report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Entertainment One has an average rating of Buy and an average target price of GBX 567.33 ($7.41).
Shares of LON:ETO opened at GBX 578 ($7.55) on Monday. The business’s 50-day moving average is GBX 475.74 and its 200 day moving average is GBX 442.61. Entertainment One has a 1 year low of GBX 333.20 ($4.35) and a 1 year high of GBX 616 ($8.05). The firm has a market capitalization of $2.88 billion and a P/E ratio of 231.20. The company has a debt-to-equity ratio of 82.41, a current ratio of 1.46 and a quick ratio of 0.99.
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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