Entain’s (ENT) “Overweight” Rating Reaffirmed at Morgan Stanley

Entain (LON:ENTGet Rating)‘s stock had its “overweight” rating reissued by equities research analysts at Morgan Stanley in a report released on Wednesday, Digital Look reports.

Several other equities analysts also recently weighed in on ENT. Citigroup reiterated a “buy” rating on shares of Entain in a research report on Monday, April 4th. Berenberg Bank restated a “buy” rating and issued a GBX 2,060 ($25.40) price objective on shares of Entain in a report on Tuesday, March 29th. Barclays restated an “overweight” rating and issued a GBX 2,100 ($25.89) price objective on shares of Entain in a report on Wednesday, April 13th. JPMorgan Chase & Co. raised their price objective on Entain from GBX 2,570 ($31.69) to GBX 2,590 ($31.93) and gave the stock an “overweight” rating in a report on Tuesday, February 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,354 ($29.02) price objective on shares of Entain in a report on Friday, March 4th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 2,269.14 ($27.98).

LON ENT opened at GBX 1,257 ($15.50) on Wednesday. The stock’s 50-day simple moving average is GBX 1,550.55. Entain has a twelve month low of GBX 1,170.36 ($14.43) and a twelve month high of GBX 2,500 ($30.82). The stock has a market capitalization of £7.39 billion and a P/E ratio of 29.79. The company has a debt-to-equity ratio of 81.30, a current ratio of 0.89 and a quick ratio of 0.80.

In related news, insider Victoria Jarman bought 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were acquired at an average cost of GBX 1,440 ($17.75) per share, for a total transaction of £24,480 ($30,181.24).

About Entain (Get Rating)

Entain PLC operates as a sports-betting and gaming company. The company provides online betting, casino, poker, and bingo services through mobile and web under the bwin; online and multi-channel betting under the Ladbrokes; street and online betting under the Coral; sports betting, casino, game, and poker under the Sportingbet; online bingo, sportsbook, casino, and poker access under the Betboo; and sports betting, poker, and casino games under the Crystalbet brands, as well as Gamebookers, a full-service sportsbook.

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