Entain’s (ENT) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Entain (LON:ENT) in a research report released on Thursday,Digital Look reports. Berenberg Bank currently has a GBX 1,200 price target on the stock.

A number of other equities analysts also recently weighed in on ENT. JPMorgan Chase & Co. lowered their target price on shares of Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating on the stock in a report on Friday, July 3rd. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 988 target price on shares of Entain in a report on Friday, June 26th. Peel Hunt reiterated a “buy” rating and issued a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,028 price target on shares of Entain in a report on Friday, June 26th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price target on shares of Entain in a research report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, Entain presently has an average rating of “Buy” and a consensus target price of GBX 1,013.

Entain Stock Down 0.2%

Shares of ENT stock opened at GBX 548 on Thursday. The firm’s fifty day moving average price is GBX 555.42 and its two-hundred day moving average price is GBX 584.06. 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 firm has a market capitalization of £3.51 billion, a P/E ratio of -5.25, a PEG ratio of 0.92 and a beta of 0.77.

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.