Entain Plc (LON:ENT – Get Free Report) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 986.43.
ENT has been the topic of a number of recent research reports. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 price target on shares of Entain in a research note on Friday, September 18th. JPMorgan Chase & Co. lifted their price objective on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,145 price target on shares of Entain in a report on Monday, September 14th.
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Entain Stock Performance
Insiders Place Their Bets
In related news, insider Michael Snape acquired 24,013 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average cost of GBX 416 per share, for a total transaction of £99,894.08. 7.42% of the stock is owned by insiders.
About Entain
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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