Entain (LON:ENT) Stock Keeps “Buy” Rating at Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 1,000 price objective on the stock. Jefferies Financial Group‘s price target indicates a potential upside of 122.62% from the company’s previous close.

Several other equities research analysts also recently commented on ENT. JPMorgan Chase & Co. boosted their target price on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 988 price target on shares of Entain in a research report on Friday, September 18th. Finally, Berenberg Bank cut their price target on Entain from GBX 1,145 to GBX 1,090 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 978.57.

Entain Stock Up 0.1%

Entain stock opened at GBX 449.20 on Wednesday. Entain has a 1-year low of GBX 405.41 and a 1-year high of GBX 814.60. The firm has a market capitalization of £2.87 billion, a price-to-earnings ratio of -4.96, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The firm’s fifty day moving average price is GBX 476.52 and its two-hundred day moving average price is GBX 552.82. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51.

Insider Transactions at Entain

In other news, insider Michael Snape acquired 24,013 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average price of GBX 416 per share, for a total transaction of £99,894.08. Insiders own 7.42% of the company’s stock.

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.