Entain (LON:ENT) Receives Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Entain (LON:ENT) in a report issued on Tuesday, MarketBeat reports. The brokerage currently has a GBX 1,200 price target on the stock.

A number of other equities research analysts also recently issued reports on ENT. Shore Capital reaffirmed a “buy” rating on shares of Entain in a research note on Wednesday, October 15th. Citigroup reduced their target price on shares of Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating on the stock in a report on Thursday, November 27th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,100 price target on shares of Entain in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. upgraded Entain to an “overweight” rating and dropped their price target for the stock from GBX 1,150 to GBX 1,090 in a research report on Tuesday, December 2nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 1,135.

Entain Stock Performance

LON:ENT opened at GBX 674.08 on Tuesday. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74. Entain has a 1 year low of GBX 452.50 and a 1 year high of GBX 1,031.50. The stock’s 50 day simple moving average is GBX 746.09 and its two-hundred day simple moving average is GBX 833.21. The company has a market cap of £4.31 billion, a price-to-earnings ratio of -7.85, a PEG ratio of 0.92 and a beta of 1.19.

Insiders Place Their Bets

In other Entain news, insider Ricky Sandler bought 621,384 shares of the business’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 owned by company insiders.

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.