Jefferies Group LLC reaffirmed their buy rating on shares of Eros International PLC (NYSE:EROS) in a research note published on Monday. Jefferies Group LLC currently has a $15.00 price target on the stock, down from their prior price target of $18.00.
A number of other research analysts have also weighed in on EROS. BidaskClub lowered Eros International PLC from a buy rating to a hold rating in a report on Thursday, July 27th. Zacks Investment Research lowered Eros International PLC from a hold rating to a sell rating in a report on Wednesday, June 21st. Finally, ValuEngine lowered Eros International PLC from a hold rating to a sell rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $14.33.
Eros International PLC (EROS) traded up 2.011% during midday trading on Monday, reaching $8.875. The company had a trading volume of 1,075,233 shares. Eros International PLC has a 1-year low of $8.30 and a 1-year high of $19.87. The firm has a 50-day moving average of $11.63 and a 200 day moving average of $10.93. The company has a market capitalization of $537.54 million, a P/E ratio of 174.020 and a beta of 0.49.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of Eros International PLC by 3.8% in the fourth quarter. State Street Corp now owns 471,850 shares of the company’s stock worth $6,157,000 after buying an additional 17,405 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Eros International PLC by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 55,045 shares of the company’s stock worth $718,000 after buying an additional 11,159 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Eros International PLC by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock worth $1,230,000 after buying an additional 3,897 shares in the last quarter. American International Group Inc. raised its position in shares of Eros International PLC by 7.1% in the first quarter. American International Group Inc. now owns 18,219 shares of the company’s stock worth $188,000 after buying an additional 1,205 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of Eros International PLC during the first quarter worth $882,000. 66.90% of the stock is currently owned by institutional investors and hedge funds.
About Eros International PLC
Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.
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