Entain (LON:ENT – Get Free Report) had its price objective lowered by equities researchers at Berenberg Bank from GBX 1,090 to GBX 1,080 in a research note issued on Tuesday, London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank‘s price target would indicate a potential upside of 125.23% from the stock’s previous close.
Several other equities analysts have also issued reports on ENT. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a research note on Thursday, October 29th. Shore Capital Group reissued a “buy” rating and set a GBX 988 target price on shares of Entain in a research note on Friday, September 18th. JPMorgan Chase & Co. raised their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Seven research analysts have rated the stock with a Buy rating. According to MarketBeat, Entain presently has an average rating of “Buy” and an average price target of GBX 977.14.
View Our Latest Research Report on ENT
Entain Trading Down 0.2%
Shares of Entain stock traded down GBX 1.10 on Tuesday, hitting GBX 479.50. 5,514,140 shares of the company’s stock traded hands, compared to its average volume of 21,820,119. Entain has a one year low of GBX 405.41 and a one year high of GBX 801. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The company has a fifty day moving average of GBX 468.43 and a two-hundred day moving average of GBX 545.71. The company has a market capitalization of £3.07 billion, a price-to-earnings ratio of -5.30, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76.
Insider Buying and Selling at Entain
In other news, insider Michael Snape bought 51,815 shares of the stock in a transaction dated Friday, September 18th. The shares were bought at an average cost of GBX 482 per share, with a total value of £249,748.30. 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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