Deutsche Bank Aktiengesellschaft Lowers Entain (LON:ENT) Price Target to GBX 950

Entain (LON:ENT) had its price objective cut by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 1,028 to GBX 950 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 70.86% from the company’s current price.

ENT has been the topic of a number of other reports. Berenberg Bank restated a “buy” rating and set a GBX 1,200 price target on shares of Entain in a research note on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price objective on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating on the stock in a research note on Friday, July 3rd. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 target price on shares of Entain in a report on Friday, June 26th. Peel Hunt reissued a “buy” rating and issued a GBX 750 price target on shares of Entain in a report on Wednesday, April 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of Entain in a report on Monday. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,001.86.

Entain Price Performance

Entain stock opened at GBX 556 on Wednesday. The company has a market cap of £3.56 billion, a price-to-earnings ratio of -5.33, a PEG ratio of 0.92 and a beta of 0.77. The business’s 50 day simple moving average is GBX 557.17 and its 200 day simple moving average is GBX 579.82. 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 12 month low of GBX 500.40 and a 12 month high of GBX 1,031.

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.