Entain Plc (LON:ENT) Stock Has Average Price Target of GBX 992.43 According to Brokerages

Entain Plc (LON:ENT) has received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 986.43.

A number of research firms have issued reports on ENT. Deutsche Bank Aktiengesellschaft cut their target price on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 price objective on shares of Entain in a report on Thursday, August 13th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,145 price objective on shares of Entain in a research note on Monday, September 14th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 target price on shares of Entain in a report on Friday, September 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research report on Monday, August 17th.

Entain Trading Up 1.1%

Shares of ENT opened at GBX 430.30 on Wednesday. The stock’s fifty day simple moving average is GBX 506.81 and its 200-day simple moving average is GBX 540.65. The firm has a market capitalization of £2.75 billion, a PE ratio of -4.75, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. Entain has a 12-month low of GBX 405.41 and a 12-month high of GBX 878.40. The company has a quick ratio of 0.74, a current ratio of 1.01 and a debt-to-equity ratio of 497.51.

Insider Buying and Selling

In other news, insider Michael Snape bought 24,013 shares of the stock in a transaction on Thursday, October 1st. The stock was purchased at an average price of GBX 416 per share, with a total value of £99,894.08. Insiders own 7.42% of the company’s stock.

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.