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

Shares of Entain Plc (LON:ENT) have earned an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,113.80.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. raised Entain to an “overweight” rating and dropped their target price for the stock from GBX 1,150 to GBX 1,090 in a research report on Tuesday, December 2nd. Citigroup lowered 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating on the stock in a report on Friday, January 23rd. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,200 target price on shares of Entain in a research note on Tuesday, January 20th.

Entain Stock Performance

Shares of ENT stock opened at GBX 582.40 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. The company’s fifty day moving average price is GBX 689.52 and its two-hundred day moving average price is GBX 781.79. The firm has a market capitalization of £3.73 billion, a P/E ratio of -6.78, a P/E/G ratio of 0.92 and a beta of 1.19. Entain has a 12 month low of GBX 452.50 and a 12 month high of GBX 1,031.50.

Insider Transactions at Entain

In related news, insider Ricky Sandler acquired 621,384 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was bought at an average cost of GBX 767 per share, with a total value of £4,766,015.28. 7.42% of the stock is owned by corporate 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.