Entain (LON:ENT – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 1,000 price objective on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 120.12% from the stock’s current price.
A number of other research firms also recently issued reports on ENT. JPMorgan Chase & Co. raised their price target on Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Berenberg Bank cut their price target on Entain from GBX 1,145 to GBX 1,090 and set a “buy” rating on the stock in a research report on Wednesday. Shore Capital Group reiterated a “buy” rating and issued a GBX 988 price objective on shares of Entain in a research note on Friday, September 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Entain from GBX 914 to GBX 872 and set a “buy” rating for the company in a report on Wednesday, September 30th. Seven analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 978.57.
View Our Latest Stock Analysis on ENT
Entain Stock Up 4.4%
ENT opened at GBX 454.30 on Wednesday. The business’s 50-day simple moving average is GBX 483.95 and its 200-day simple moving average is GBX 531.60. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. Entain has a one year low of GBX 405.41 and a one year high of GBX 826.80. The stock has a market capitalization of £2.91 billion, a P/E ratio of -5.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76.
Insider Activity
In related news, insider Michael Snape purchased 51,815 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were purchased at an average price of GBX 482 per share, with a total value of £249,748.30. 7.42% of the stock is currently owned by corporate insiders.
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.
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