Citigroup Lowers Entain (LON:ENT) Price Target to GBX 1,150

Entain (LON:ENT) had its price target cut by equities researchers at Citigroup from GBX 1,300 to GBX 1,150 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 48.01% from the company’s previous close.

Several other brokerages have also weighed in on ENT. Shore Capital restated a “buy” rating on shares of Entain in a research report on Wednesday, October 15th. JPMorgan Chase & Co. boosted their price target on Entain from GBX 1,110 to GBX 1,150 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Peel Hunt restated a “buy” rating and issued a GBX 1,100 price target on shares of Entain in a report on Wednesday, October 15th. Finally, Berenberg Bank reduced their price objective on Entain from GBX 1,400 to GBX 1,200 and set a “buy” rating for the company in a report on Thursday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,148.

Entain Price Performance

Shares of LON:ENT traded up GBX 9.60 on Thursday, reaching GBX 777. 1,549,092 shares of the company were exchanged, compared to its average volume of 6,198,144. The company has a 50-day moving average of GBX 800.97 and a 200-day moving average of GBX 845.35. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The firm has a market cap of £4.97 billion, a price-to-earnings ratio of -9.05, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. Entain has a 1-year low of GBX 452.50 and a 1-year high of GBX 1,031.50.

Insider Buying and Selling at Entain

In related news, insider Ricky Sandler sold 1,059,998 shares of Entain stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of GBX 872, for a total transaction of £9,243,182.56. 7.42% of the stock is currently owned by company insiders.

Entain Company Profile

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.