Deutsche Bank Aktiengesellschaft Lowers Entain (LON:ENT) Price Target to GBX 1,029

Entain (LON:ENT) had its target price decreased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,158 to GBX 1,029 in a research report issued on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 53.00% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup dropped their price objective on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating for the company in a report on Thursday, November 27th. Shore Capital reaffirmed a “buy” rating on shares of Entain in a research note on Wednesday, October 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,100 price target on shares of Entain in a research report on Wednesday, October 15th. JPMorgan Chase & Co. raised shares of Entain to an “overweight” rating and reduced their price objective for the stock from GBX 1,150 to GBX 1,090 in a research note on Tuesday, December 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,200 target price on shares of Entain in a research note on Tuesday. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Entain presently has a consensus rating of “Buy” and an average target price of GBX 1,113.80.

Entain Stock Performance

Shares of Entain stock opened at GBX 672.57 on Friday. The firm has a fifty day moving average of GBX 743.62 and a two-hundred day moving average of GBX 831.06. The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82. The stock has a market capitalization of £4.30 billion, a price-to-earnings ratio of -7.83, a PEG ratio of 0.92 and a beta of 1.19. Entain has a 52 week low of GBX 452.50 and a 52 week high of GBX 1,031.50.

Insider Activity

In other Entain news, insider Ricky Sandler bought 621,384 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was acquired at an average cost of GBX 767 per share, with a total value of £4,766,015.28. Corporate insiders own 7.36% of the company’s stock.

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.