Entain (LON:ENT – Get Free Report) had its target price lowered by equities researchers at Berenberg Bank from GBX 1,145 to GBX 1,090 in a research report issued on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 139.93% from the company’s previous close.
Several other brokerages also recently commented on ENT. Deutsche Bank Aktiengesellschaft cut their target price on Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of Entain in a research note on Monday, October 12th. Shore Capital Group reissued a “buy” rating and set a GBX 988 target price on shares of Entain in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research report on Monday, August 17th. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 978.57.
Check Out Our Latest Report on ENT
Entain Stock Performance
LON:ENT opened at GBX 454.30 on Wednesday. The stock’s 50-day moving average is GBX 483.95 and its 200-day moving average is GBX 531.60. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51. Entain has a 1-year low of GBX 405.41 and a 1-year high of GBX 826.80. The stock has a market cap of £2.91 billion, a P/E ratio of -5.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76.
Insider Activity at Entain
In related news, insider Michael Snape acquired 24,013 shares of Entain stock in a transaction dated Thursday, October 1st. The stock was bought at an average price of GBX 416 per share, with a total value of £99,894.08. 7.42% of the stock is currently owned by company 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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