Entain Plc (LON:ENT) Receives GBX 1,113.80 Consensus Price Target from Brokerages

Entain Plc (LON:ENT) has been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 1,113.80.

A number of equities analysts have recently weighed in on ENT shares. Berenberg Bank reissued a “buy” rating and set a GBX 1,200 price target on shares of Entain in a research report on Tuesday, January 20th. Citigroup dropped their price objective on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating on the stock in a research note on Thursday, November 27th. JPMorgan Chase & Co. raised Entain to an “overweight” rating and decreased their target price for the company from GBX 1,150 to GBX 1,090 in a research note on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating on the stock in a research report on Friday, January 23rd.

Entain Stock Performance

Shares of LON:ENT opened at GBX 581.40 on Tuesday. The firm’s 50 day simple moving average is GBX 686.37 and its 200 day simple moving average is GBX 777.21. Entain has a fifty-two week low of GBX 452.50 and a fifty-two week high of GBX 1,031.50. The company has a market capitalization of £3.72 billion, a price-to-earnings ratio of -6.77, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74.

Insider Buying and Selling

In related news, insider Ricky Sandler purchased 621,384 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were purchased at an average price of GBX 767 per share, with a total value of £4,766,015.28. Company 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.