Berenberg Bank Has Lowered Expectations for Entain (LON:ENT) Stock Price

Entain (LON:ENT) had its price target lowered by research analysts at Berenberg Bank from GBX 1,200 to GBX 1,145 in a research report issued on Friday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 113.06% from the stock’s current price.

A number of other research firms have also recently commented on ENT. Peel Hunt reiterated a “buy” rating and set a GBX 750 price target on shares of Entain in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on Entain from GBX 1,028 to GBX 950 and set a “buy” rating on the stock in a research report on Wednesday. Shore Capital Group reiterated a “buy” rating and set a GBX 988 target price on shares of Entain in a research note on Friday, June 26th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a report on Monday. Finally, 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 research note on Friday, July 3rd. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 994.

Entain Stock Down 2.3%

LON:ENT opened at GBX 537.40 on Friday. The firm has a market cap of £3.44 billion, a P/E ratio of -5.15, a P/E/G ratio of 0.92 and a beta of 0.77. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52. Entain has a fifty-two week low of GBX 500.40 and a fifty-two week high of GBX 1,031. The firm has a 50-day simple moving average of GBX 557.81 and a two-hundred day simple moving average of GBX 576.96.

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.