Deutsche Bank Aktiengesellschaft Cuts Entain (LON:ENT) Price Target to GBX 914

Entain (LON:ENT) had its target price decreased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 950 to GBX 914 in a research note issued to investors on Monday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 61.31% from the company’s current price.

Several other equities analysts have also recently commented on ENT. Shore Capital Group reiterated a “buy” rating and set a GBX 988 target price on shares of Entain in a research note on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a report on Thursday. Berenberg Bank decreased their target price on shares of Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research note on Monday. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 992.43.

Entain Stock Up 1.7%

Shares of ENT stock opened at GBX 566.60 on Monday. Entain has a 12 month low of GBX 500.40 and a 12 month high of GBX 915.60. The company has a quick ratio of 0.74, a current ratio of 1.01 and a debt-to-equity ratio of 497.51. The firm has a market cap of £3.63 billion, a PE ratio of -5.43, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. The stock has a 50 day moving average of GBX 556.99 and a 200-day moving average of GBX 565.07.

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.