Entain’s (ENT) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Entain (LON:ENT)‘s stock had its “buy” rating restated by Deutsche Bank Aktiengesellschaft in a research note issued on Friday,Digital Look reports. They currently have a GBX 1,028 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 81.24% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Citigroup cut their target price on Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Shore Capital Group reissued a “buy” rating and issued a GBX 988 price target on shares of Entain in a report on Friday. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a research note on Friday. Peel Hunt restated a “buy” rating and issued a GBX 750 price target on shares of Entain in a research note on Wednesday, April 15th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price objective on shares of Entain in a report on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,022.29.

Entain Price Performance

ENT stock traded down GBX 2.40 during trading on Friday, reaching GBX 567.20. The company’s stock had a trading volume of 2,013,164 shares, compared to its average volume of 20,914,107. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. The company’s fifty day moving average is GBX 561.93 and its 200-day moving average is GBX 612.49. The company has a market capitalization of £3.63 billion, a P/E ratio of -5.44, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. Entain has a 1 year low of GBX 500.40 and a 1 year high of GBX 1,031.50.

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.