Entain (LON:ENT – Get Free Report) had its target price lowered by investment analysts at Berenberg Bank to GBX 1,000 in a report released on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank‘s price objective points to a potential upside of 108.55% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 price target on shares of Entain in a research note on Friday, September 18th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 price objective on shares of Entain in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on Entain from GBX 914 to GBX 872 and set a “buy” rating for the company in a report on Wednesday, September 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 965.71.
Entain Price Performance
ENT stock opened at GBX 479.50 on Thursday. 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 company’s 50-day moving average is GBX 468.43 and its 200-day moving average is GBX 545.71. The stock has a market capitalization of £3.07 billion, a PE ratio of -5.30, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. Entain has a 1 year low of GBX 405.41 and a 1 year high of GBX 801.
Insiders Place Their Bets
In other Entain news, insider Michael Snape purchased 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. Insiders own 7.42% of the company’s stock.
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.
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