Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Entain (LON:ENT) Stock Price

Entain (LON:ENT) had its target price upped by Deutsche Bank Aktiengesellschaft from GBX 1,029 to GBX 1,055 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

ENT has been the subject of several other research reports. Citigroup decreased their price objective on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Shore Capital Group restated a “buy” rating on shares of Entain in a research note on Thursday, March 5th. JPMorgan Chase & Co. raised Entain to an “overweight” rating and reduced their target price for the company from GBX 1,150 to GBX 1,090 in a report on Tuesday, December 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price target on shares of Entain in a research report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Entain has an average rating of “Buy” and an average price target of GBX 1,109.

Entain Stock Down 0.4%

ENT opened at GBX 586.30 on Tuesday. The company has a debt-to-equity ratio of 448.61, a current ratio of 0.52 and a quick ratio of 0.74. The company’s 50-day moving average is GBX 603.14 and its 200 day moving average is GBX 725.63. Entain has a fifty-two week low of GBX 452.50 and a fifty-two week high of GBX 1,031.50. The firm has a market capitalization of £3.75 billion, a P/E ratio of -6.83, a PEG ratio of 0.92 and a beta of 0.90.

Insider Buying and Selling

In related news, insider Ricky Sandler acquired 621,384 shares of the stock in a transaction on Friday, January 2nd. The shares were acquired at an average price of GBX 767 per share, with a total value of £4,766,015.28. Corporate insiders own 7.42% of the company’s stock.

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. 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.