Berenberg Bank Forecasts Strong Price Appreciation for Entain (LON:ENT) Stock

Entain (LON:ENT) had its price objective boosted by Berenberg Bank from GBX 1,200 to GBX 1,400 in a research note issued on Monday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 62.41% from the stock’s current price.

A number of other equities analysts also recently weighed in on ENT. Citigroup upped their target price on Entain from GBX 1,250 to GBX 1,300 and gave the company a “buy” rating in a report on Thursday, July 24th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,100 price objective on shares of Entain in a research note on Tuesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Entain from GBX 1,040 to GBX 1,110 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Finally, Shore Capital reissued a “buy” rating on shares of Entain in a research note on Tuesday, August 12th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,210.

Entain Stock Down 0.4%

LON:ENT opened at GBX 862 on Monday. The business’s fifty day moving average price is GBX 922.97 and its 200 day moving average price is GBX 778.57. The firm has a market capitalization of £5.51 billion, a price-to-earnings ratio of -1,003.49, a PEG ratio of 0.92 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. Entain has a 1-year low of GBX 452.50 and a 1-year high of GBX 1,031.50.

Insiders Place Their Bets

In other Entain news, insider Ricky Sandler sold 1,606,144 shares of Entain stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of GBX 918, for a total value of £14,744,401.92. Insiders own 7.36% of the company’s stock.

About Entain

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.