Entain (LON:ENT) Earns “Buy” Rating from Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 1,000 price target on the stock. Jefferies Financial Group‘s price objective would indicate a potential upside of 122.02% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Berenberg Bank reduced their price objective on Entain from GBX 1,145 to GBX 1,090 and set a “buy” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Shore Capital Group restated a “buy” rating and set a GBX 988 target price on shares of Entain in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating. According to MarketBeat, Entain presently has an average rating of “Buy” and an average price target of GBX 978.57.

Entain Stock Performance

Shares of LON:ENT opened at GBX 450.40 on Wednesday. Entain has a fifty-two week low of GBX 405.41 and a fifty-two week high of GBX 826.80. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The business’s fifty day moving average price is GBX 477.81 and its two-hundred day moving average price is GBX 529.29. The stock has a market capitalization of £2.88 billion, a price-to-earnings ratio of -4.98, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76.

Insider Activity

In other news, insider Michael Snape bought 51,815 shares of the stock in a transaction on Friday, September 18th. The shares were purchased at an average cost of GBX 482 per share, for a total transaction of £249,748.30. 7.42% of the stock is owned by corporate insiders.

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.