JPMorgan Chase & Co. Boosts Entain (LON:ENT) Price Target to GBX 1,050

Entain (LON:ENT) had its target price raised by research analysts at JPMorgan Chase & Co. from GBX 1,025 to GBX 1,050 in a research report issued on Monday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 84.18% from the stock’s current price.

A number of other equities research analysts also recently weighed in on ENT. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 target price on shares of Entain in a report on Thursday. Berenberg Bank decreased their price target on shares of Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entain from GBX 1,028 to GBX 950 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Finally, Shore Capital Group reiterated a “buy” rating and issued a GBX 988 price objective on shares of Entain in a research note on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 997.57.

Entain Stock Performance

LON:ENT opened at GBX 570.10 on Monday. The stock has a 50 day simple moving average of GBX 556.99 and a 200 day simple moving average of GBX 565.07. The stock has a market cap of £3.65 billion, a P/E ratio of -5.47, a PEG ratio of 0.92 and a beta of 0.77. Entain has a 1-year low of GBX 500.40 and a 1-year high of GBX 915.60. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51.

Trending Headlines about Entain

Here are the key news stories impacting Entain this week:

• Positive Sentiment: First-half performance exceeded expectations. Entain reported momentum in online gaming revenue, narrowing losses and performance ahead of management forecasts. The World Cup helped drive betting activity and offset some of the impact from higher costs and taxes. Entain ahead of expectations as online gaming growth drives momentum in H1
• Positive Sentiment: Australia and international markets supported growth. Australia was highlighted as a key contributor to first-half expansion, while management continues to focus on improving the group’s geographic mix and operational performance. Australia powers Entain H1 growth
• Positive Sentiment: Analyst support remains strong. Shore Capital reaffirmed its “buy” rating with a GBX 988 target, while Jefferies also maintained “buy” and set a GBX 1,000 target, indicating substantial potential upside in their estimates. Broker ratings
• Neutral Sentiment: Entain is doubling down on its exit from Central and Eastern Europe. The strategic withdrawal could simplify the business and improve focus, although it may reduce near-term revenue breadth. Latin American trading was also mixed, with Brazil remaining an important but challenging market. Q2 LatAm round-up
• Negative Sentiment: UK tax increases threaten future profits. Entain warned that new gambling taxes will have a “massive impact,” with the tax burden eating into profit despite strong event-driven betting volumes. This remains the main counterweight to the positive revenue growth. Entain beats H1 expectations as UK tax hike bites into profit

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.