Entain (LON:ENT) Raised to “Overweight” at JPMorgan Chase & Co.

Entain (LON:ENT) was upgraded by JPMorgan Chase & Co. to an “overweight” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm presently has a GBX 1,090 price objective on the stock, down from their prior price objective of GBX 1,150. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 39.03% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Berenberg Bank reduced their price objective on Entain from GBX 1,400 to GBX 1,200 and set a “buy” rating for the company in a report on Thursday, November 27th. Shore Capital reaffirmed a “buy” rating on shares of Entain in a research note on Wednesday, October 15th. Citigroup lowered their price objective on shares of Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating on the stock in a research note on Thursday, November 27th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 1,100 price objective on shares of Entain in a research note on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,136.

Entain Price Performance

ENT stock opened at GBX 784 on Tuesday. The firm has a 50 day moving average of GBX 794.36 and a 200-day moving average of GBX 846.49. The company has a market cap of £5.01 billion, a price-to-earnings ratio of -9.13, 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 12-month low of GBX 452.50 and a 12-month high of GBX 1,031.50.

Insider Activity at Entain

In related news, insider Ricky Sandler sold 485,188 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of GBX 787, for a total value of £3,818,429.56. 7.42% of the stock is currently owned by corporate 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.