Entain (LON:ENT) Price Target Cut to GBX 872 by Analysts at Deutsche Bank Aktiengesellschaft

Entain (LON:ENT) had its target price decreased by Deutsche Bank Aktiengesellschaft from GBX 914 to GBX 872 in a research note published on Wednesday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

ENT has been the subject of several other reports. JPMorgan Chase & Co. boosted their price target on Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research note on Monday, August 17th. Shore Capital Group reissued a “buy” rating and set a GBX 988 target price on shares of Entain in a report on Friday, September 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,145 target price on shares of Entain in a research report on Monday, September 14th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 986.43.

Entain Price Performance

Entain stock opened at GBX 413.87 on Wednesday. Entain has a 12 month low of GBX 411.10 and a 12 month high of GBX 884.60. The stock’s 50 day moving average is GBX 518.13 and its 200-day moving average is GBX 544.17. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51. The company has a market capitalization of £2.65 billion, a price-to-earnings ratio of -4.57, a PEG ratio of 0.92 and a beta of 0.76.

Insider Activity at Entain

In related news, insider Michael Snape purchased 51,815 shares of the company’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. Insiders own 7.42% of the company’s stock.

Entain Company Profile

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.