Entertainment One Group (LON:ETO) Receives a Downgrade
Just today Entertainment One Group (LON:ETO) has been cut by equity analysts working for Peel Hunt to a solid Reduce rating. This was announced in a a very recent research note made public on 8 December. The firm currently has a GBX 200.00 TP on shares. Peel Hunt’s TP would suggest a possible upside of 13.38%.
From a total of 8 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 185. The mean of all analyst targets is GBX 283.63 with a 66.20% above today’s (GBX 176.4) stock price. Entertainment One Group was the topic of 21 analyst reports since September 9, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on November 20 with “Buy” rating. Peel Hunt maintained shares with “Hold” rating and GBX 260 target share price in a report from a November 17. RBC Capital Markets maintained ETO stock in a recent report from November 18 with “Outperform” rating. Finally, Numis Securities maintained the stock with “Add” rating in a report issued on a November 17.
The stock closed the day at GBX 176.4 during the previous session. It is down 44.58% since May 11, 2015 and is downtrending. It has underperformed by 43.50% 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 887.92 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 9.89 P/E ratio. The Firm operates in two divisions: Film and Television.