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

Berenberg Bank reiterated their buy rating on shares of Entain (LON:ENT) in a research report report published on Monday,London Stock Exchange reports. They currently have a GBX 1,200 price target on the stock.

A number of other equities research analysts also recently commented on ENT. Citigroup dropped their price target on 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. JPMorgan Chase & Co. upgraded shares of Entain to an “overweight” rating and lowered their target price for the stock from GBX 1,150 to GBX 1,090 in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Entain from GBX 1,029 to GBX 1,055 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, Shore Capital Group reissued a “buy” rating on shares of Entain in a research report on Thursday, March 5th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,109.

Entain Trading Down 0.1%

ENT stock opened at GBX 543.20 on Monday. 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 business has a 50 day simple moving average of GBX 590.50 and a two-hundred day simple moving average of GBX 716.59. Entain has a 1-year low of GBX 452.50 and a 1-year high of GBX 1,031.50. The company has a market capitalization of £3.47 billion, a price-to-earnings ratio of -6.32, a PEG ratio of 0.92 and a beta of 0.90.

Insider Buying and Selling at Entain

In related news, insider Ricky Sandler acquired 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, for a total transaction of £4,766,015.28. 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.