Entain Plc (LON:ENT) Receives GBX 1,103.80 Consensus Target Price from Brokerages

Shares of Entain Plc (LON:ENT) have received an average rating of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 1,103.80.

A number of analysts have recently weighed in on ENT shares. Citigroup cut their price objective on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Berenberg Bank restated a “buy” rating and set a GBX 1,200 target price on shares of Entain in a research report on Tuesday, January 20th. Shore Capital Group reaffirmed a “buy” rating on shares of Entain in a report on Thursday, March 5th. JPMorgan Chase & Co. raised Entain to an “overweight” rating and decreased their price objective for the company from GBX 1,150 to GBX 1,090 in a report on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating for the company in a research report on Friday, January 23rd.

Insider Buying and Selling at Entain

In other news, insider Ricky Sandler bought 621,384 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was purchased at an average cost of GBX 767 per share, with a total value of £4,766,015.28. 7.42% of the stock is currently owned by company insiders.

Entain Trading Down 0.1%

Entain stock opened at GBX 549.28 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. Entain has a 52 week low of GBX 452.50 and a 52 week high of GBX 1,031.50. The company has a market capitalization of £3.51 billion, a price-to-earnings ratio of -6.39, a price-to-earnings-growth ratio of 0.92 and a beta of 0.90. The stock has a 50-day moving average price of GBX 618.06 and a 200 day moving average price of GBX 734.69.

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.