Entain Plc (LON:ENT) Given Average Rating of “Buy” by Brokerages

Entain Plc (LON:ENT) has received a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 1,013.

ENT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a report on Friday, July 3rd. Shore Capital Group restated a “buy” rating and issued a GBX 988 price target on shares of Entain in a report on Friday, June 26th. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 price objective on shares of Entain in a report on Wednesday, April 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,200 target price on shares of Entain in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 price target on shares of Entain in a research note on Monday, July 6th.

Entain Stock Up 0.0%

Shares of LON ENT opened at GBX 554.16 on Friday. The stock has a market capitalization of £3.55 billion, a price-to-earnings ratio of -5.31, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. Entain has a 52 week low of GBX 500.40 and a 52 week high of GBX 1,031.50. The firm has a 50-day moving average price of GBX 554.70 and a 200 day moving average price of GBX 587.14. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61.

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.