Berenberg Bank Cuts Entain (LON:ENT) Price Target to GBX 1,200

Entain (LON:ENT) had its price objective cut by Berenberg Bank from GBX 1,400 to GBX 1,200 in a report released on Thursday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on ENT. JPMorgan Chase & Co. raised their price objective on Entain from GBX 1,110 to GBX 1,150 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Citigroup decreased their target price on Entain from GBX 1,350 to GBX 1,300 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Peel Hunt restated a “buy” rating and set a GBX 1,100 price target on shares of Entain in a research note on Wednesday, October 15th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Entain in a research report on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,148.

Entain Trading Up 1.3%

LON ENT opened at GBX 777 on Thursday. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74. The firm’s fifty day moving average price is GBX 799.19 and its 200 day moving average price is GBX 846.31. The company has a market capitalization of £4.97 billion, a price-to-earnings ratio of -9.05, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. Entain has a 12 month low of GBX 452.50 and a 12 month high of GBX 1,031.50.

Insiders Place Their Bets

In other Entain news, insider Ricky Sandler sold 245,579 shares of Entain stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of GBX 789, for a total value of £1,937,618.31. 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.