Jefferies Maintains Eros International plc to Buy with Price Target $20.00

Brokerage firm Jefferies Maintains its rating on Eros International plc(NYSE:EROS). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Sep 12, 2016.

Eros International plc (EROS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.75% or 0.12 points. Due to strong positive momentum, the stock ended at $16.1, which is also near the day’s high of $16.14. The stock began the session at $16 and the volume stood at 93,567 shares. The 52-week high of the shares is $33.09 and the 52 week low is $5.59. The company has a current market capitalization of $932 M and it has 5,79,09,968 shares in outstanding.

Eros International plc(EROS) last announced its earnings results on Sep 9, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $71.09M. Analysts had an estimated revenue of $76.60M. Earnings per share were $0.03. Analysts had estimated an EPS of $0.09.

Eros International Plc (Eros) is a holding company which serves the Indian film entertainment industry. The Company co-produces acquires and distributes Indian language films in multiple formats around the world. The Company has a film library of over 2300 films and over 700 additional films for which it holds digital rights only. The Company distributes its film content through the distribution channels which include theatrical television syndication and digital. Its distribution network extends to over 50 countries such as the United States the United Kingdom the Middle East Germany Poland Russia Romania Indonesia Malaysia Taiwan Japan South Korea China and Arabic speaking countries. The Company conducts global operations through its Indian and international subsidiaries including its majority-owned subsidiary Eros International Media Limited. Its other subsidiaries include Eros Australia Pty Limited Copsale Limited and Eros Music Publishing Limited.

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