Entain (LON:ENT) Price Target Lowered to GBX 1,029 at Deutsche Bank Aktiengesellschaft

Entain (LON:ENT) had its price target trimmed by Deutsche Bank Aktiengesellschaft from GBX 1,158 to GBX 1,029 in a report issued on Friday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on ENT. Peel Hunt reissued a “buy” rating and set a GBX 1,100 price objective on shares of Entain in a research note on Wednesday, October 15th. Citigroup dropped their price target on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating on the stock in a research report on Thursday, November 27th. JPMorgan Chase & Co. raised Entain to an “overweight” rating and reduced their price objective for the company from GBX 1,150 to GBX 1,090 in a research report on Tuesday, December 2nd. Shore Capital reiterated a “buy” rating on shares of Entain in a research note on Wednesday, October 15th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,200 target price on shares of Entain in a research note on Tuesday. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,113.80.

Entain Stock Performance

Shares of Entain stock opened at GBX 670.69 on Friday. Entain has a 12 month low of GBX 452.50 and a 12 month high of GBX 1,031.50. The firm has a market capitalization of £4.29 billion, a P/E ratio of -7.81, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The business has a fifty day simple moving average of GBX 743.06 and a two-hundred day simple moving average of GBX 829.40.

Insider Buying and Selling at Entain

In other Entain news, insider Ricky Sandler purchased 621,384 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was purchased at an average price of GBX 767 per share, for a total transaction of £4,766,015.28. 7.36% of the stock is owned by corporate insiders.

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.