Entain Plc (LON:ENT) Receives Average Recommendation of “Buy” from Brokerages

Entain Plc (LON:ENT) has received a consensus rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,028.

ENT has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Peel Hunt restated a “buy” rating and issued a GBX 750 price objective on shares of Entain in a research note on Wednesday, April 15th. Shore Capital Group restated a “buy” rating on shares of Entain in a research note on Thursday, April 16th. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price objective on shares of Entain in a research note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entain from GBX 1,055 to GBX 1,028 and set a “buy” rating for the company in a research note on Wednesday, April 15th.

Entain Price Performance

LON:ENT opened at GBX 528.80 on Thursday. Entain has a one year low of GBX 500.40 and a one year high of GBX 1,031.50. The stock has a market cap of £3.38 billion, a P/E ratio of -5.07, a PEG ratio of 0.92 and a beta of 0.76. 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 company has a fifty day moving average price of GBX 558.09 and a 200 day moving average price of GBX 639.10.

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.