Entain (LON:ENT) Stock Gets Price Target Trim from Berenberg Bank

Entain (LON:ENT) had its target price trimmed by Berenberg Bank from GBX 1,145 to GBX 1,090 in a research note released on Wednesday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

ENT has been the subject of several other reports. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 target price on shares of Entain in a research report on Monday, October 12th. Shore Capital Group reiterated a “buy” rating and set a GBX 988 price target on shares of Entain in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft cut 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 978.57.

Entain Trading Down 0.4%

Shares of ENT stock opened at GBX 450.40 on Wednesday. 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 52-week low of GBX 405.41 and a 52-week high of GBX 826.80. The company has a market capitalization of £2.88 billion, a PE ratio of -4.98, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The business’s fifty day moving average is GBX 477.81 and its 200 day moving average is GBX 529.29.

Insider Transactions at Entain

In other news, insider Michael Snape acquired 51,815 shares of Entain stock in a transaction dated Friday, September 18th. The shares were purchased at an average cost of GBX 482 per share, for a total transaction of £249,748.30. Company insiders own 7.42% 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.