Time to Buy Entertainment One Ltd After Today’s Huge Increase?

 Time to Buy Entertainment One Ltd After Today's Huge Increase?

The stock of Entertainment One Ltd (LON:ETO) is a huge mover today! The stock increased 0.87% or GBX 2.05 on November 4, hitting GBX 237.75. About 1.71 million shares traded hands or 106.63% up from the average. Entertainment One Ltd (LON:ETO) has risen 64.33% since April 7, 2016 and is uptrending. It has outperformed by 63.24% the S&P500.
The move comes after 8 months positive chart setup for the GBX 1.02 billion company. It was reported on Nov, 4 by Barchart.com. We have GBX 313.83 PT which if reached, will make LON:ETO worth GBX 326.40M more.

Entertainment One Ltd (LON:ETO) Ratings Coverage

Out of 8 analysts covering Entertainment One Group (LON:ETO), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Entertainment One Group has been the topic of 52 analyst reports since September 9, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock with “Overweight” rating in Friday, December 18 report. The firm has “Add” rating by Numis Securities given on Wednesday, September 30. Canaccord Genuity maintained the shares of ETO in a report on Monday, December 7 with “Buy” rating. Investec maintained it with “Buy” rating and GBX 267 target price in Wednesday, January 13 report. N+1 Singer maintained Entertainment One Ltd (LON:ETO) on Monday, December 7 with “Sell” rating. On Wednesday, November 18 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Entertainment One Ltd (LON:ETO) earned “Hold” rating by Peel Hunt on Wednesday, August 10. The firm has “Hold” rating by Numis Securities given on Tuesday, May 24. Investec maintained the shares of ETO in a report on Wednesday, March 2 with “Buy” rating. The rating was maintained by Peel Hunt on Thursday, April 14 with “Add”.

More notable recent Entertainment One Ltd (LON:ETO) news were published by: Business.Financialpost.com which released: “Entertainment One Ltd downgraded after rejecting takeover offer” on August 11, 2016, also Marketwatch.com with their article: “ITV withdraws offer to buy Entertainment One” published on August 25, 2016, Bloomberg.com published: “Entertainment One Gains as KKR Weighs Bid to Top ITV’s Proposal” on August 15, 2016. More interesting news about Entertainment One Ltd (LON:ETO) were released by: Bloomberg.com and their article: “Entertainment One CEO Says No Sales Process After ITV” published on September 09, 2016 as well as Fool.Co.Uk‘s news article titled: “Should You Follow Director Buying At Entertainment One Ltd?” with publication date: December 09, 2015.

Entertainment One Ltd. is an independent entertainment company. The company has a market cap of 1.02 billion GBP. The Firm is focused on the acquisition, production and distribution of television, family, film and music content rights across all media across the world. It has a 25.16 P/E ratio. The Company’s divisions include Television, Family and Film.

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