Deutsche Bank Aktiengesellschaft Lowers Entain (LON:ENT) Price Target to GBX 1,029

Entain (LON:ENT) had its target price dropped by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,158 to GBX 1,029 in a report released on Friday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 53.42% from the stock’s previous close.

ENT has been the subject of a number of other reports. Citigroup decreased their price target 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. Berenberg Bank reiterated a “buy” rating and set a GBX 1,200 price objective on shares of Entain in a research report on Tuesday, January 20th. JPMorgan Chase & Co. raised shares of Entain to an “overweight” rating and lowered their target price for the company from GBX 1,150 to GBX 1,090 in a research note on Tuesday, December 2nd. Shore Capital reaffirmed a “buy” rating on shares of Entain in a research note on Wednesday, October 15th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 1,100 price target on shares of Entain in a research report on Wednesday, October 15th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 1,113.80.

Entain Trading Down 1.0%

Shares of ENT stock opened at GBX 670.69 on Friday. The firm’s 50 day moving average price is GBX 743.06 and its two-hundred day moving average price is GBX 828.68. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 188.61. Entain has a fifty-two week low of GBX 452.50 and a fifty-two week high of GBX 1,031.50. The stock has a market cap of £4.29 billion, a price-to-earnings ratio of -7.81, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

Insider Buying and Selling

In other news, insider Ricky Sandler bought 621,384 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were acquired at an average cost of GBX 767 per share, with a total value of £4,766,015.28. 7.36% of the stock is currently owned by 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.