Entain Plc (LON:ENT) Given Average Recommendation of “Buy” by Brokerages

Entain Plc (LON:ENT) has received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is GBX 1,113.80.

Several research firms have commented on ENT. Citigroup reduced their price objective on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating on the stock in a report on Thursday, November 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating for the company in a research note on Friday. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price target on shares of Entain in a report on Tuesday. JPMorgan Chase & Co. upgraded shares of Entain to an “overweight” rating and dropped their price objective for the company from GBX 1,150 to GBX 1,090 in a research note on Tuesday, December 2nd. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,100 price objective on shares of Entain in a research note on Wednesday, October 15th.

Entain Trading Down 1.2%

ENT stock traded down GBX 8 during mid-day trading on Friday, reaching GBX 669.40. The company had a trading volume of 1,088,203 shares, compared to its average volume of 7,143,598. The company has a market capitalization of £4.28 billion, a PE ratio of -7.79, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The firm has a 50 day moving average of GBX 743.62 and a 200 day moving average of GBX 831.06. Entain has a 12 month low of GBX 452.50 and a 12 month high of GBX 1,031.50. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74.

Insiders Place Their Bets

In other news, insider Ricky Sandler bought 621,384 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was bought at an average price of GBX 767 per share, with a total value of £4,766,015.28. 7.36% of the stock is currently owned by insiders.

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.