Entain’s (ENT) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Entain (LON:ENT) in a research note issued to investors on Monday morning,London Stock Exchange reports. They currently have a GBX 1,200 price objective on the stock.

A number of other analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Entain from GBX 1,029 to GBX 1,055 and gave the stock a “buy” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. raised Entain to an “overweight” rating and reduced their target price for the company from GBX 1,150 to GBX 1,090 in a report on Tuesday, December 2nd. Citigroup decreased their price target on Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Shore Capital Group reissued a “buy” rating on shares of Entain in a report on Thursday, March 5th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 1,109.

Entain Price Performance

Entain stock opened at GBX 579.34 on Monday. Entain has a one year low of GBX 452.50 and a one year high of GBX 1,031.50. The business has a fifty day moving average price of GBX 586.11 and a 200-day moving average price of GBX 713.54. The company has a debt-to-equity ratio of 448.61, a current ratio of 0.52 and a quick ratio of 0.74. The firm has a market capitalization of £3.71 billion, a P/E ratio of -6.74, a PEG ratio of 0.92 and a beta of 0.90.

Insider Activity at Entain

In other news, insider Ricky Sandler acquired 621,384 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were bought at an average cost of GBX 767 per share, with a total value of £4,766,015.28. Company insiders own 7.42% of the company’s stock.

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.