Jefferies Financial Group Reaffirms Buy Rating for Entain (LON:ENT)

Entain (LON:ENT)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research report issued on Friday, Marketbeat.com reports. They presently have a GBX 1,140 ($14.43) price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 38.89% from the company’s previous close.

A number of other research analysts also recently commented on the company. Barclays downgraded Entain to an “equal weight” rating and dropped their price objective for the company from GBX 1,120 ($14.18) to GBX 1,070 ($13.54) in a report on Tuesday, February 6th. Shore Capital restated a “buy” rating on shares of Entain in a research note on Thursday, March 7th. Finally, Berenberg Bank dropped their price target on Entain from GBX 1,310 ($16.58) to GBX 1,140 ($14.43) and set a “buy” rating on the stock in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,232.67 ($15.60).

Entain Stock Performance

Shares of Entain stock opened at GBX 820.80 ($10.39) on Friday. Entain has a 52 week low of GBX 718.20 ($9.09) and a 52 week high of GBX 1,516.50 ($19.19). The business’s fifty day simple moving average is GBX 851.52 and its 200-day simple moving average is GBX 898.23. The firm has a market cap of £5.24 billion, a PE ratio of -582.13, a price-to-earnings-growth ratio of 0.92 and a beta of 1.29. The company has a quick ratio of 0.74, a current ratio of 0.56 and a debt-to-equity ratio of 134.33.

Insider Buying and Selling at Entain

In other Entain news, insider Stella David purchased 65,000 shares of Entain stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of GBX 736 ($9.32) per share, with a total value of £478,400 ($605,492.98). Company insiders own 0.19% of the company’s stock.

About Entain

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.