Entain’s (ENT) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Entain (LON:ENT) in a research note released on Thursday,Digital Look reports. The brokerage currently has a GBX 1,200 target price on the stock.

Several other equities research analysts also recently weighed in on ENT. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,028 target price on shares of Entain in a research report on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 target price on shares of Entain in a report on Monday, July 6th. Shore Capital Group reissued a “buy” rating and set a GBX 988 price target on shares of Entain in a research report on Friday, June 26th. JPMorgan Chase & Co. decreased their price target on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a report on Friday, July 3rd. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 750 price objective on shares of Entain in a research report on Wednesday, April 15th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 1,013.

Entain Stock Up 0.9%

Shares of LON ENT opened at GBX 553.18 on Thursday. The stock has a fifty day moving average price of GBX 555.96 and a 200 day moving average price of GBX 583.84. The company has a current ratio of 0.52, a quick ratio of 0.74 and a debt-to-equity ratio of 448.61. Entain has a 12-month low of GBX 500.40 and a 12-month high of GBX 1,031.50. The company has a market cap of £3.54 billion, a P/E ratio of -5.30, a P/E/G ratio of 0.92 and a beta of 0.77.

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.