Entain (LON:ENT) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Entain (LON:ENT) in a report issued on Wednesday, MarketBeat reports. Berenberg Bank currently has a GBX 1,140 ($14.19) target price on the stock.

A number of other brokerages have also weighed in on ENT. Barclays lowered Entain to an equal weight rating and decreased their price objective for the company from GBX 1,120 ($13.94) to GBX 1,070 ($13.32) in a report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a GBX 1,089 ($13.56) price target on shares of Entain in a research note on Thursday. Jefferies Financial Group restated a buy rating and set a GBX 1,140 ($14.19) price target on shares of Entain in a research report on Friday, April 12th. Finally, Shore Capital reiterated a buy rating on shares of Entain in a report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of GBX 1,143.17 ($14.23).

Entain Stock Performance

LON:ENT opened at GBX 837.40 ($10.42) on Wednesday. The company has a debt-to-equity ratio of 134.33, a quick ratio of 0.74 and a current ratio of 0.56. The stock has a market capitalization of £5.35 billion, a PE ratio of -593.90, a P/E/G ratio of 0.92 and a beta of 1.29. Entain has a fifty-two week low of GBX 718.20 ($8.94) and a fifty-two week high of GBX 1,516.50 ($18.88). The company has a fifty day moving average of GBX 834.98 and a two-hundred day moving average of GBX 894.50.

Entain Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 14th will be given a dividend of GBX 8.90 ($0.11) per share. The ex-dividend date is Thursday, March 14th. This represents a dividend yield of 1.07%. Entain’s payout ratio is currently -1,276.60%.

Insider Buying and Selling at Entain

In other news, insider Stella David purchased 65,000 shares of the stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of GBX 736 ($9.16) per share, for a total transaction of £478,400 ($595,543.38). 0.19% of the stock is owned by corporate insiders.

Entain Company Profile

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.