Entain Plc (LON:ENT) Receives GBX 1,103.80 Average Target Price from Brokerages

Entain Plc (LON:ENT) has received a consensus rating of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is GBX 1,103.80.

Several analysts have issued reports on ENT shares. Shore Capital Group reaffirmed a “buy” rating on shares of Entain in a research note on Thursday, March 5th. Berenberg Bank restated a “buy” rating and set a GBX 1,200 price target on shares of Entain in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating for the company in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised shares of Entain to an “overweight” rating and cut their target price for the company from GBX 1,150 to GBX 1,090 in a research note on Tuesday, December 2nd. Finally, Citigroup dropped their price target on Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 10th.

Insider Buying and Selling

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

Entain Stock Down 1.8%

Shares of Entain stock opened at GBX 537.60 on Friday. The stock’s fifty day moving average is GBX 626.61 and its 200-day moving average is GBX 738.39. The firm has a market capitalization of £3.44 billion, a PE ratio of -6.26, a price-to-earnings-growth ratio of 0.92 and a beta of 0.90. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. Entain has a 12-month low of GBX 452.50 and a 12-month high of GBX 1,031.50.

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.