Entain Plc (LON:ENT) Given Consensus Recommendation of “Buy” by Analysts

Shares of Entain Plc (LON:ENT) have been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,028.

Several analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price objective on shares of Entain in a report on Monday, March 30th. Shore Capital Group reiterated a “buy” rating on shares of Entain in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft cut 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. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th.

Entain Price Performance

LON ENT opened at GBX 528.80 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.74 and a debt-to-equity ratio of 448.61. The company has a fifty day simple moving average of GBX 558.09 and a 200 day simple moving average of GBX 639.10. The company has a market cap of £3.38 billion, a P/E ratio of -5.07, a P/E/G ratio of 0.92 and a beta of 0.76. Entain has a 1 year low of GBX 500.40 and a 1 year 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.