Entain’s (ENT) “Buy” Rating Reiterated at Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Monday, October 12th, Digital Look reports. They currently have a GBX 1,000 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 130.46% from the company’s current price.

Several other equities research analysts have also issued reports on ENT. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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 reaffirmed a “buy” rating and set a GBX 988 price objective on shares of Entain in a research note on Friday, September 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,145 price target on shares of Entain in a research note on Monday, September 14th. Finally, JPMorgan Chase & Co. raised 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 analysts have rated the stock with a Buy rating. According to data from MarketBeat, Entain presently has an average rating of “Buy” and an average target price of GBX 986.43.

Entain Stock Down 2.9%

LON:ENT traded down GBX 12.98 during trading hours on Monday, hitting GBX 433.92. 2,292,642 shares of the company traded hands, compared to its average volume of 20,652,229. The company has a quick ratio of 0.74, a current ratio of 1.01 and a debt-to-equity ratio of 497.51. The firm’s 50-day simple moving average is GBX 488.32 and its 200-day simple moving average is GBX 533.51. Entain has a one year low of GBX 405.41 and a one year high of GBX 826.80. The company has a market cap of £2.78 billion, a PE ratio of -4.79, a PEG ratio of 0.92 and a beta of 0.76.

Insider Buying and Selling at Entain

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