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

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

A number of other brokerages also recently commented on ENT. 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 note on Wednesday, September 30th. Shore Capital Group reiterated a “buy” rating and set a GBX 988 price target on shares of Entain in a research report on Friday, September 18th. JPMorgan Chase & Co. increased their price target on Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,145 price target on shares of Entain in a report on Monday, September 14th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 986.43.

Entain Price Performance

ENT opened at GBX 426.80 on Monday. The firm has a market cap of £2.73 billion, a price-to-earnings ratio of -4.72, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. Entain has a fifty-two week low of GBX 405.41 and a fifty-two week high of GBX 878.40. The company’s 50-day moving average price is GBX 493.97 and its 200 day moving average price is GBX 535.67. The company has a quick ratio of 0.74, a current ratio of 1.01 and a debt-to-equity ratio of 497.51.

Insiders Place Their Bets

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