Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Entain (LON:ENT) Stock Price

Entain (LON:ENT) had its price objective reduced by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 950 to GBX 914 in a note issued to investors on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 61.31% from the company’s previous close.

A number of other analysts have also commented on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a report on Thursday. Shore Capital Group reissued a “buy” rating and issued a GBX 988 target price on shares of Entain in a research report on Tuesday, August 11th. JPMorgan Chase & Co. raised their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research note on Monday. Finally, Berenberg Bank lowered their price objective on shares of Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, Entain currently has an average rating of “Buy” and an average target price of GBX 992.43.

Entain Price Performance

Shares of LON ENT opened at GBX 566.60 on Monday. The company has a fifty day moving average price of GBX 556.99 and a 200 day moving average price of GBX 565.07. The firm has a market cap of £3.63 billion, a PE ratio of -5.43, a PEG ratio of 0.92 and a beta of 0.77. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51. 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.