Shore Capital Group Reaffirms Buy Rating for Entain (LON:ENT)

Entain (LON:ENT)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 988 target price on the stock. Shore Capital Group’s target price would indicate a potential upside of 74.00% from the company’s current price.

Several other analysts also recently commented on ENT. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 price objective on shares of Entain in a research note on Wednesday, April 15th. Berenberg Bank lowered their target price on 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective 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. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Entain presently has a consensus rating of “Buy” and an average price target of GBX 994.

Entain Price Performance

Shares of ENT opened at GBX 567.80 on Tuesday. Entain has a fifty-two week low of GBX 500.40 and a fifty-two week high of GBX 915.60. The company has a market capitalization of £3.63 billion, a price-to-earnings ratio of -5.44, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. The firm has a 50-day simple moving average of GBX 557.64 and a 200-day simple moving average of GBX 566.74. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52.

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.