Entain (LON:ENT) Price Target Cut to GBX 1,510 by Analysts at Berenberg Bank

Entain (LON:ENT) had its target price dropped by equities researchers at Berenberg Bank from GBX 1,650 ($20.26) to GBX 1,510 ($18.54) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 77.73% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Shore Capital restated a “buy” rating on shares of Entain in a research report on Monday, September 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entain from GBX 1,745 ($21.43) to GBX 1,626 ($19.97) and set a “buy” rating for the company in a research report on Tuesday, September 26th. Citigroup reduced their target price on shares of Entain from GBX 2,200 ($27.02) to GBX 1,600 ($19.65) and set a “buy” rating for the company in a research report on Wednesday, September 27th. Barclays reiterated an “overweight” rating and issued a GBX 1,450 ($17.81) target price on shares of Entain in a research report on Tuesday, July 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,335 ($16.39) target price on shares of Entain in a research report on Monday, November 6th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 1,570.17 ($19.28).

Entain Stock Performance

Shares of LON ENT opened at GBX 849.60 ($10.43) on Wednesday. The company’s fifty day moving average price is GBX 971.28 and its 200 day moving average price is GBX 1,188.89. Entain has a 1 year low of GBX 833.80 ($10.24) and a 1 year high of GBX 1,596.50 ($19.61). The company has a market capitalization of £5.43 billion, a PE ratio of -1,023.61, a price-to-earnings-growth ratio of 0.92 and a beta of 1.36. The company has a debt-to-equity ratio of 111.56, a quick ratio of 0.74 and a current ratio of 0.74.

Insider Activity at Entain

In other news, insider J M. Barry Gibson purchased 15,532 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average price of GBX 937 ($11.51) per share, for a total transaction of £145,534.84 ($178,723.86). Company insiders own 0.14% of the company’s stock.

Entain Company Profile

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; and sports betting, poker, and casino games under the Crystalbet brands, as well as Gamebookers, a full-service sportsbook.