Jefferies Financial Group Reaffirms “Buy” Rating for Entain (LON:ENT)

Entain (LON:ENT)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 1,000 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 83.42% from the stock’s previous close.

A number of other equities research analysts also recently commented on ENT. Berenberg Bank decreased their target price on Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating on the stock in a research note on Friday, July 3rd. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 price objective on shares of Entain in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Entain from GBX 1,028 to GBX 950 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 750 target price on shares of Entain in a report on Wednesday, April 15th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 994.

Entain Price Performance

Shares of LON:ENT opened at GBX 545.20 on Tuesday. The firm has a market cap of £3.49 billion, a price-to-earnings ratio of -5.23, a P/E/G ratio of 0.92 and a beta of 0.77. The firm has a fifty day moving average price of GBX 557.95 and a 200 day moving average price of GBX 574.22. Entain has a fifty-two week low of GBX 500.40 and a fifty-two week high of GBX 1,022. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52.

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.