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

Entain (LON:ENT)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a GBX 1,140 ($14.19) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 38.32% from the company’s previous close.

ENT has been the topic of a number of other research reports. Shore Capital reaffirmed a “buy” rating on shares of Entain in a research report on Wednesday. Barclays cut shares of Entain to an “equal weight” rating and reduced their target price for the company from GBX 1,120 ($13.94) to GBX 1,070 ($13.32) in a report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,089 ($13.56) price target on shares of Entain in a research note on Thursday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,140 ($14.19) price objective on shares of Entain in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,143.17 ($14.23).

Entain Stock Up 1.2 %

Shares of LON ENT opened at GBX 824.20 ($10.26) on Wednesday. The stock has a market cap of £5.26 billion, a P/E ratio of -584.54, a PEG ratio of 0.92 and a beta of 1.29. The business’s fifty day simple moving average is GBX 838.44 and its 200-day simple moving average is GBX 895.19. Entain has a 12-month low of GBX 718.20 ($8.94) and a 12-month high of GBX 1,516.50 ($18.88). The company has a current ratio of 0.56, a quick ratio of 0.74 and a debt-to-equity ratio of 134.33.

Insiders Place Their Bets

In related news, insider Stella David acquired 65,000 shares of Entain stock in a transaction dated Monday, March 11th. The stock was acquired at an average price of GBX 736 ($9.16) per share, for a total transaction of £478,400 ($595,543.38). 0.19% of the stock is owned by corporate insiders.

Entain Company Profile

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.