Peel Hunt Reaffirms “Buy” Rating for Entain (LON:ENT)

Entain (LON:ENT)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 1,100 target price on the stock. Peel Hunt’s target price points to a potential upside of 32.84% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Entain from GBX 1,040 to GBX 1,110 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Shore Capital reaffirmed a “buy” rating on shares of Entain in a research note on Tuesday, August 12th. Citigroup raised their target price on shares of Entain from GBX 1,250 to GBX 1,300 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,400 target price on shares of Entain in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Entain presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,218.

Entain Stock Performance

ENT opened at GBX 828.04 on Wednesday. The stock has a market capitalization of £5.30 billion, a price-to-earnings ratio of -963.96, a PEG ratio of 0.92 and a beta of 1.19. The company has a fifty day moving average of GBX 869.53 and a 200 day moving average of GBX 807.01. Entain has a fifty-two week low of GBX 452.50 and a fifty-two week high of GBX 1,031.50. The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82.

Insider Activity at Entain

In other Entain news, insider Ricky Sandler sold 1,059,998 shares of Entain stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of GBX 872, for a total value of £9,243,182.56. 7.36% of the stock is owned by insiders.

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.