Entain Plc (LON:ENT) Given Consensus Recommendation of “Buy” by Brokerages

Entain Plc (LON:ENT) has been given an average rating of “Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 992.43.

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Entain from GBX 950 to GBX 914 and set a “buy” rating for the company in a research note on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 price target on shares of Entain in a report on Thursday, August 13th. Shore Capital Group reissued a “buy” rating and set a GBX 988 price objective on shares of Entain in a research report on Tuesday, August 11th. Berenberg Bank decreased their target price on shares of Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research note on Monday, August 17th.

Entain Stock Up 0.4%

Shares of LON ENT opened at GBX 528.02 on Friday. The company has a 50 day simple moving average of GBX 543.84 and a 200-day simple moving average of GBX 556.53. The company has a market capitalization of £3.38 billion, a P/E ratio of -5.06, a P/E/G ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. Entain has a 1 year low of GBX 500.40 and a 1 year high of GBX 915.60.

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.