Berenberg Bank Reaffirms “Buy” Rating for Entain (LON:ENT)

Entain (LON:ENT)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 1,000 price target on the stock. Berenberg Bank‘s target price would indicate a potential upside of 116.26% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating for the company in a report on Wednesday, September 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a research report on Wednesday, October 21st. Shore Capital Group reiterated a “buy” rating and issued a GBX 988 price objective on shares of Entain in a report on Friday, September 18th. Finally, JPMorgan Chase & Co. increased 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. Seven research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 965.71.

Entain Stock Down 1.4%

Shares of ENT opened at GBX 462.40 on Thursday. Entain has a 1 year low of GBX 405.41 and a 1 year high of GBX 805.40. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The stock has a 50 day simple moving average of GBX 472.72 and a two-hundred day simple moving average of GBX 549.93. The firm has a market cap of £2.96 billion, a P/E ratio of -5.11, a P/E/G ratio of 0.92 and a beta of 0.76.

Insider Transactions at Entain

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