Entain (LON:ENT) Receives Buy Rating from Shore Capital Group

Entain (LON:ENT – Get Free Report)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 988 price objective on the stock. Shore Capital Group’s price objective suggests a potential upside of 74.19% from the stock’s current price.

A number of other brokerages also recently weighed in on ENT. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,200 target price on shares of Entain in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,028 price target on shares of Entain in a report on Tuesday, June 2nd. Citigroup lowered their price objective on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 price objective on shares of Entain in a report on Wednesday, April 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,022.29.

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Entain Price Performance

Entain stock traded down GBX 2.40 during midday trading on Friday, reaching GBX 567.20. 2,013,164 shares of the stock were exchanged, compared to its average volume of 20,914,107. The firm has a market cap of £3.63 billion, a PE ratio of -5.44, a PEG ratio of 0.92 and a beta of 0.76. Entain has a 52 week low of GBX 500.40 and a 52 week high of GBX 1,031.50. The company’s fifty day moving average is GBX 561.93 and its 200-day moving average is GBX 612.49. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52.

About Entain

(Get Free Report)

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US.

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