Entain (LON:ENT) Earns “Buy” Rating from Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research note issued on Monday, Digital Look reports. They presently have a GBX 1,000 target price on the stock. Jefferies Financial Group’s price target indicates a potential upside of 134.30% from the company’s previous close.

ENT has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Entain from GBX 914 to GBX 872 and set a “buy” rating for the company in a research report on Wednesday, September 30th. JPMorgan Chase & Co. lifted their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research report on Monday, August 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,145 price target on shares of Entain in a research report on Monday, September 14th. Finally, Shore Capital Group restated a “buy” rating and issued a GBX 988 price objective on shares of Entain in a research note on Friday, September 18th. Seven equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 986.43.

Entain Stock Down 4.8%

Shares of ENT stock opened at GBX 426.80 on Monday. The stock’s 50 day simple moving average is GBX 493.97 and its 200 day simple moving average is GBX 535.67. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. Entain has a twelve month low of GBX 405.41 and a twelve month high of GBX 878.40. The company has a market capitalization of £2.73 billion, a price-to-earnings ratio of -4.72, a PEG ratio of 0.92 and a beta of 0.76.

Insider Buying and Selling

In other Entain news, insider Michael Snape purchased 51,815 shares of the company’s stock in a transaction on Friday, September 18th. The shares were bought at an average cost of GBX 482 per share, with a total value of £249,748.30. 7.42% of the stock is currently owned by corporate insiders.

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.