Entain’s (ENT) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Entain (LON:ENT) in a research report sent to investors on Wednesday,Digital Look reports. The brokerage currently has a GBX 1,000 target price on the stock.

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

Entain Price Performance

Entain stock opened at GBX 450.40 on Wednesday. The company has a market cap of £2.88 billion, a price-to-earnings ratio of -4.98, a PEG ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. The firm has a 50 day moving average price of GBX 477.81 and a 200 day moving average price of GBX 529.29. Entain has a 1 year low of GBX 405.41 and a 1 year high of GBX 826.80.

Insiders Place Their Bets

In related news, insider Michael Snape purchased 51,815 shares of Entain stock in a transaction dated Friday, September 18th. The stock was acquired at an average cost of GBX 482 per share, with a total value of £249,748.30. 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.