Entain (LON:ENT) Given New GBX 1,100 Price Target at Citigroup

Entain (LON:ENT) had its price objective cut by stock analysts at Citigroup from GBX 1,150 to GBX 1,100 in a research report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 87.40% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. upgraded Entain to an “overweight” rating and reduced their price target for the company from GBX 1,150 to GBX 1,090 in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating for the company in a research note on Friday, January 23rd. Shore Capital Group reiterated a “buy” rating on shares of Entain in a research report on Thursday, March 5th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price objective on shares of Entain in a research report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,103.80.

Entain Stock Up 2.1%

Shares of LON:ENT opened at GBX 586.98 on Tuesday. Entain has a 12-month low of GBX 452.50 and a 12-month high of GBX 1,031.50. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. The business has a fifty day simple moving average of GBX 647.28 and a 200 day simple moving average of GBX 749.62. The firm has a market cap of £3.75 billion, a P/E ratio of -6.83, a P/E/G ratio of 0.92 and a beta of 0.90.

Insider Activity at Entain

In other Entain news, insider Ricky Sandler acquired 621,384 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was bought at an average price of GBX 767 per share, for a total transaction of £4,766,015.28. 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.