Entertainment One Group (LON:ETO) Rating Reaffirmed
In a very recent research note sent to clients and investors by JP Morgan Cazenove on 18 December, The Rating on Entertainment One Group (LON:ETO) shares of a ‘Overweight’ was has reaffirmed.
From a total of 10 analysts covering Entertainment One Group (LON:ETO) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is GBX 325 while the lowest target price is GBX 148. The mean of all analyst targets is GBX 241.3 with a 41.40% above today’s (GBX 176.1) stock price. Entertainment One Group was the topic of 27 analyst reports since September 9, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 10 with “Overweight” rating. RBC Capital Markets maintained shares with “Outperform” rating and GBX 310 target share price in a report from a November 18. Peel Hunt downgraded ETO stock in a recent report from December 8 to “Reduce” rating. Numis Securities maintained the rating on November 17. Numis Securities has a “Add” rating and a GBX 261 price target on shares. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a December 7.
The stock increased 3.16% or GBX 5.4 on December 17, striking GBX 176.1. Approximately 1.42M shares of stock traded hands or 13.60% up from the average. Entertainment One Ltd (LON:ETO) has declined 46.39% since May 21, 2015 and is downtrending. It has underperformed by 44.13% the S&P500.
The overall sentiment of institutions has decreased to 0.47 in Q2 2015. Its down 0.09, from 0.56 in 2015Q2. The ratio is negative, as 5 institutions have sold all the shares of Entertainment One Ltd that they owned while 10 funds have taken shares off the table. 1 funds have purchased shares for the first time while 6 added to their positions. These institutions now hold 1.22 million shares or 18.22% less than the 1.49 million shares they owned in 2015Q2.
The Fund Joel Isaacson & Co. Llc currently is holding shares equating to 0.5% of its total portfolio in Entertainment One Ltd representing a total of 89,415 shares. Another fund,Hollencrest Securities Llc, is holding a total of 50,507 shares equating to 0.18% of their holdings. Additionally, Advisors Asset Management Inc. has a 157,419 share stake in Entertainment One Ltd which represents 0.05% of their total portfolio. The Fund, Cohen & Steers Inc, based out of New York, has also built up a stake in the stock, which represents a total of 0.01% of their total portfolio. Finally First Trust Advisors Lp, a fund which is based in the state of Illinois reported a total holdings of 88,893 shares.
Entertainment One Limited is a Canada entertainment company. The company has a market cap of 728.23 million GBP. The Firm is focused on the acquisition, production and distribution of film, television, family and music content rights across various media throughout the world. It has 9.88 P/E ratio. The Firm operates in two divisions: Film and Television.