Entain Plc (LON:ENT) Given Average Recommendation of “Buy” by Brokerages

Entain Plc (LON:ENT) has been given a consensus rating of “Buy” by the seven research firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,028.

ENT has been the subject of a number of analyst reports. Citigroup reduced their target price on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entain from GBX 1,055 to GBX 1,028 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Peel Hunt reissued a “buy” rating and set a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 price target on shares of Entain in a research report on Wednesday, April 15th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,200 price target on shares of Entain in a research report on Monday, March 30th.

Entain Trading Up 5.1%

Entain stock opened at GBX 571.32 on Friday. 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 firm has a 50-day moving average price of GBX 569.71 and a two-hundred day moving average price of GBX 671.59. The firm has a market capitalization of £3.66 billion, a price-to-earnings ratio of -5.48, a PEG ratio of 0.92 and a beta of 0.82. Entain has a 52-week low of GBX 520 and a 52-week high of GBX 1,031.50.

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.