Brokerages Set Entain Plc (LON:ENT) Price Target at GBX 1,013

Entain Plc (LON:ENT) has been given an average rating of “Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,013.

A number of research firms recently weighed in on ENT. JPMorgan Chase & Co. dropped their price target on shares of Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,028 price objective on shares of Entain in a research note on Friday, June 26th. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 target price on shares of Entain in a report on Wednesday, April 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,200 target price on shares of Entain in a research report on Wednesday, June 3rd. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 988 price target on shares of Entain in a research note on Friday, June 26th.

Entain Stock Performance

Entain stock opened at GBX 558.80 on Friday. The company has a market cap of £3.58 billion, a PE ratio of -5.36, a PEG ratio of 0.92 and a beta of 0.77. The company has a current ratio of 0.52, a quick ratio of 0.74 and a debt-to-equity ratio of 448.61. Entain has a 1 year low of GBX 500.40 and a 1 year high of GBX 1,031.50. The company’s 50-day moving average is GBX 553.12 and its two-hundred day moving average is GBX 590.12.

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.