Shares of Entertainment One Ltd (LON:ETO) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 347.60 ($4.63) and last traded at GBX 339.20 ($4.52), with a volume of 1041411 shares. The stock had previously closed at GBX 339.20 ($4.52).
A number of brokerages have recently commented on ETO. Peel Hunt reiterated a “hold” rating on shares of Entertainment One in a report on Monday, June 4th. Numis Securities raised Entertainment One to an “add” rating and boosted their price target for the stock from GBX 215 ($2.86) to GBX 340 ($4.53) in a research report on Tuesday, May 22nd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 367 ($4.89) price target on shares of Entertainment One in a research report on Tuesday, March 27th. Citigroup reissued a “buy” rating on shares of Entertainment One in a research report on Thursday, May 17th. Finally, Royal Bank of Canada reduced their price target on Entertainment One from GBX 350 ($4.66) to GBX 340 ($4.53) and set an “outperform” rating for the company in a research report on Thursday, April 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 324 ($4.31).
The business also recently declared a dividend, which will be paid on Friday, September 7th. Stockholders of record on Thursday, July 5th will be given a GBX 1.40 ($0.02) dividend. This represents a dividend yield of 0.49%. This is a positive change from Entertainment One’s previous dividend of $1.30. The ex-dividend date is Thursday, July 5th.
In other Entertainment One news, insider Robert McFarlane bought 14,224 shares of Entertainment One stock in a transaction that occurred on Friday, May 25th. The shares were bought at an average cost of GBX 289 ($3.85) per share, with a total value of £41,107.36 ($54,729.54).
About Entertainment One
Entertainment One Ltd. focuses on the acquisition, production, and distribution of television (TV), family, film, and music content rights across various media worldwide. The company operates in three segments: Television, Family, and Film. It sells and distributes films on screens in theatres, on DVD, and digitally and on TV; develops, produces, and distributes TV programming content; develops, produces, sells, distributes, and licenses characters, stories, and series to kids and families; and records, distributes, and licenses albums and songs.
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