Entain’s (ENT) “Buy” Rating Reiterated at Shore Capital Group

Entain (LON:ENT)‘s stock had its “buy” rating restated by equities researchers at Shore Capital Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 988 price target on the stock. Shore Capital Group’s price target suggests a potential upside of 73.54% from the stock’s current price.

A number of other equities research analysts have also recently commented on ENT. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entain from GBX 1,028 to GBX 950 and set a “buy” rating on the stock in a report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price objective on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a report on Friday, July 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a research report on Thursday. Berenberg Bank lowered their target price on Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Peel Hunt restated a “buy” rating and issued a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 994.

Entain Stock Up 1.7%

ENT opened at GBX 569.33 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. The stock has a market cap of £3.64 billion, a price-to-earnings ratio of -5.46, a PEG ratio of 0.92 and a beta of 0.77. Entain has a twelve month low of GBX 500.40 and a twelve month high of GBX 915.60. The company’s 50-day moving average price is GBX 557.64 and its two-hundred day moving average price is GBX 566.74.

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.