Entertainment One (LON:ETO) Earns “Buy” Rating from Berenberg Bank

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Berenberg Bank reaffirmed their buy rating on shares of Entertainment One (LON:ETO) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other research analysts also recently issued reports on the company. Stifel Nicolaus reaffirmed a buy rating and set a $100.00 price target on shares of LivaNova in a research note on Friday, April 5th. Numis Securities reaffirmed a buy rating and set a GBX 573 ($7.49) price target on shares of in a research note on Monday, June 17th. Citigroup set a $140.00 target price on shares of SYNNEX and gave the company a buy rating in a research note on Friday, April 12th. Royal Bank of Canada cut their target price on shares of Analog Devices from $140.00 to $120.00 and set an outperform rating for the company in a research note on Wednesday, May 22nd. Finally, Investec reissued a sell rating on shares of CLOSE BROS GRP/ADR in a research note on Friday, April 5th. Seven research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average price target of GBX 536.17 ($7.01).

LON:ETO opened at GBX 421 ($5.50) on Tuesday. The firm has a market cap of $2.09 billion and a P/E ratio of 168.40. The company has a quick ratio of 0.99, a current ratio of 1.46 and a debt-to-equity ratio of 82.41. 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 stock’s fifty day moving average price is GBX 406.02.

The company also recently announced a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, July 11th will be paid a GBX 1.50 ($0.02) dividend. This is an increase from Entertainment One’s previous dividend of $1.40. The ex-dividend date is Thursday, July 11th. This represents a yield of 0.34%. Entertainment One’s payout ratio is presently 0.40%.

In other news, insider Robert McFarlane bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average price of GBX 407 ($5.32) per share, with a total value of £40,700 ($53,181.76).

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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