Entain (LON:ENT) Earns Buy Rating from Berenberg Bank

Entain (LON:ENT)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 1,200 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 116.93% from the company’s current price.

Several other equities research analysts have also weighed in on ENT. JPMorgan Chase & Co. reduced their price objective on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a research note on Friday, July 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of Entain in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,028 price target on shares of Entain in a research report on Friday, June 26th. Shore Capital Group reissued a “buy” rating and issued a GBX 988 price target on shares of Entain in a research note on Friday, June 26th. Finally, Peel Hunt restated a “buy” rating and set a GBX 750 price objective on shares of Entain in a report on Wednesday, April 15th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,013.

Entain Trading Up 0.9%

Entain stock opened at GBX 553.18 on Thursday. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52. The firm has a market cap of £3.54 billion, a price-to-earnings ratio of -5.30, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. Entain has a 1 year low of GBX 500.40 and a 1 year high of GBX 1,031.50. The firm’s 50 day moving average price is GBX 555.96 and its two-hundred day moving average price is GBX 583.84.

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.