Deutsche Bank Aktiengesellschaft Cuts Entain (LON:ENT) Price Target to GBX 914

Entain (LON:ENT) had its price objective reduced by Deutsche Bank Aktiengesellschaft from GBX 950 to GBX 914 in a research note released on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on ENT. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 988 target price on shares of Entain in a research note on Tuesday, August 11th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price target on shares of Entain in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised their price objective on Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a report on Monday. Finally, Berenberg Bank lowered their price objective on Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating for the company in a research report on Friday, July 31st. Seven 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 price target of GBX 992.43.

Entain Stock Performance

Shares of ENT opened at GBX 535.60 on Monday. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. The company has a market capitalization of £3.43 billion, a price-to-earnings ratio of -5.14, a PEG ratio of 0.92 and a beta of 0.76. The company’s 50 day simple moving average is GBX 555.31 and its 200 day simple moving average is GBX 563.17. Entain has a 1 year low of GBX 500.40 and a 1 year high of GBX 915.60.

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. 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.