Deutsche Bank Aktiengesellschaft Increases Entain (LON:ENT) Price Target to GBX 1,055

Entain (LON:ENT) had its target price lifted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,029 to GBX 1,055 in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 86.66% from the stock’s previous close.

ENT has been the subject of several other reports. Shore Capital Group restated a “buy” rating on shares of Entain in a research note on Thursday, March 5th. JPMorgan Chase & Co. raised Entain to an “overweight” rating and reduced their price target for the stock from GBX 1,150 to GBX 1,090 in a research report on Tuesday, December 2nd. Berenberg Bank reiterated a “buy” rating and set a GBX 1,200 price objective on shares of Entain in a report on Tuesday, January 20th. Finally, Citigroup dropped their target price on 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. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Entain currently has a consensus rating of “Buy” and an average price target of GBX 1,109.

Entain Stock Performance

ENT stock opened at GBX 565.20 on Tuesday. The company has a market cap of £3.62 billion, a P/E ratio of -6.58, a price-to-earnings-growth ratio of 0.92 and a beta of 0.90. The stock’s fifty day moving average price is GBX 600.17 and its 200-day moving average price is GBX 724.51. Entain has a 1 year low of GBX 452.50 and a 1 year high of GBX 1,031.50. The company has a debt-to-equity ratio of 448.61, a current ratio of 0.52 and a quick ratio of 0.74.

Insider Activity at Entain

In related news, insider Ricky Sandler acquired 621,384 shares of the stock in a transaction dated Friday, January 2nd. The stock was acquired at an average cost of GBX 767 per share, for a total transaction of £4,766,015.28. Insiders own 7.42% of the company’s stock.

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.