Entain’s (ENT) Buy Rating Reaffirmed at Shore Capital

Shore Capital reissued their buy rating on shares of Entain (LON:ENT) in a report released on Wednesday morning, MarketBeat.com reports.

ENT has been the topic of several other reports. Berenberg Bank dropped their price objective on shares of Entain from GBX 1,310 ($16.31) to GBX 1,140 ($14.19) and set a buy rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group reiterated a buy rating and set a GBX 1,140 ($14.19) price target on shares of Entain in a research report on Friday, April 12th. Finally, Barclays cut Entain to an equal weight rating and decreased their price target for the company from GBX 1,120 ($13.94) to GBX 1,070 ($13.32) in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of GBX 1,232.67 ($15.35).

Entain Price Performance

LON ENT opened at GBX 814 ($10.13) on Wednesday. The company has a market cap of £5.20 billion, a PE ratio of -575.89, a price-to-earnings-growth ratio of 0.92 and a beta of 1.29. Entain has a 52 week low of GBX 718.20 ($8.94) and a 52 week high of GBX 1,516.50 ($18.88). The company has a quick ratio of 0.74, a current ratio of 0.56 and a debt-to-equity ratio of 134.33. The firm’s 50-day simple moving average is GBX 841.69 and its two-hundred day simple moving average is GBX 895.68.

Entain Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 14th will be given a GBX 8.90 ($0.11) dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, March 14th. Entain’s dividend payout ratio (DPR) is -1,276.60%.

Insider Buying and Selling

In related news, insider Stella David acquired 65,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of GBX 736 ($9.16) per share, for a total transaction of £478,400 ($595,543.38). 0.19% of the stock is owned by company insiders.

Entain Company Profile

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.