Brokerages Set Entain Plc (LON:ENT) Price Target at GBX 1,113.80

Entain Plc (LON:ENT) has been assigned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 1,113.80.

ENT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating on the stock in a research report on Friday. Shore Capital reissued a “buy” rating on shares of Entain in a research report on Wednesday, October 15th. Citigroup reduced their price objective on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating for the company in a research note on Thursday, November 27th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,100 target price on shares of Entain in a research report on Wednesday, October 15th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,200 price target on shares of Entain in a report on Tuesday, January 20th.

Insiders Place Their Bets

In other news, insider Ricky Sandler purchased 621,384 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were purchased at an average price of GBX 767 per share, with a total value of £4,766,015.28. 7.36% of the stock is currently owned by insiders.

Entain Stock Performance

Entain stock opened at GBX 670.69 on Friday. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74. The stock has a fifty day moving average price of GBX 743.06 and a two-hundred day moving average price of GBX 827.92. Entain has a 52-week low of GBX 452.50 and a 52-week high of GBX 1,031.50. The firm has a market capitalization of £4.29 billion, a P/E ratio of -7.81, a P/E/G ratio of 0.92 and a beta of 1.19.

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. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US.