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

Entain (LON:ENT)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a report released on Monday,London Stock Exchange reports. They currently have a GBX 1,000 price objective on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 79.21% from the company’s previous close.

A number of other analysts also recently commented on the company. Berenberg Bank restated a “buy” rating and set a GBX 1,200 price objective on shares of Entain in a report on Wednesday, June 3rd. Citigroup decreased their price target on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 price target on shares of Entain in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,028 price target on shares of Entain in a research report on Tuesday, June 2nd. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Entain in a research report on Thursday, April 16th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,028.

Entain Trading Down 1.6%

Shares of Entain stock opened at GBX 558 on Monday. Entain has a fifty-two week low of GBX 500.40 and a fifty-two week high of GBX 1,031.50. The firm has a market cap of £3.57 billion, a PE ratio of -5.35, a P/E/G ratio of 0.92 and a beta of 0.76. The business’s fifty day moving average is GBX 557.47 and its two-hundred day moving average is GBX 630.31. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61.

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.