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

Entain (LON:ENT)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report issued on Tuesday, MarketBeat reports. They presently have a GBX 1,200 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 76.52% from the company’s previous close.

Several other research analysts have also recently weighed in on ENT. JPMorgan Chase & Co. raised shares of Entain to an “overweight” rating and decreased their price target for the stock from GBX 1,150 to GBX 1,090 in a report on Tuesday, December 2nd. Citigroup reduced their target price on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating for the company in a research report on Thursday, November 27th. Shore Capital reaffirmed a “buy” rating on shares of Entain in a report on Wednesday, October 15th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 1,100 price target on shares of Entain in a research report on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 1,135.

Entain Price Performance

Shares of LON:ENT opened at GBX 679.80 on Tuesday. The company has a 50 day moving average of GBX 744.71 and a 200 day moving average of GBX 832.13. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The stock has a market cap of £4.35 billion, a P/E ratio of -7.91, a P/E/G ratio of 0.92 and a beta of 1.19. Entain has a 12 month low of GBX 452.50 and a 12 month high of GBX 1,031.50.

Insider Activity at Entain

In other news, insider Ricky Sandler acquired 621,384 shares of Entain stock in a transaction dated Friday, January 2nd. The shares were purchased at an average cost of GBX 767 per share, for a total transaction of £4,766,015.28. Company insiders own 7.36% of the company’s stock.

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.