Entain Plc (LON:ENT) Receives Average Rating of “Buy” from Analysts

Entain Plc (LON:ENT) has earned an average rating of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,113.80.

A number of research firms recently commented on ENT. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,100 target price on shares of Entain in a report on Wednesday, October 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,200 price objective on shares of Entain in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating for the company in a report on Friday, January 23rd. JPMorgan Chase & Co. raised shares of Entain to an “overweight” rating and lowered their price target for the company from GBX 1,150 to GBX 1,090 in a report on Tuesday, December 2nd. Finally, Citigroup cut their price target on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating on the stock in a research report on Thursday, November 27th.

Insider Buying and Selling

In other Entain news, insider Ricky Sandler bought 621,384 shares of Entain 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 7.36% of the company’s stock.

Entain Stock Performance

Shares of Entain stock opened at GBX 658.20 on Friday. 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 firm has a market capitalization of £4.21 billion, a P/E ratio of -7.66, a P/E/G ratio of 0.92 and a beta of 1.19. The business has a fifty day simple moving average of GBX 741.42 and a two-hundred day simple moving average of GBX 823.99. Entain has a 12 month low of GBX 452.50 and a 12 month high of GBX 1,031.50.

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.