Entain Plc (LON:ENT) Receives GBX 1,113.80 Consensus Price Target from Brokerages

Shares of Entain Plc (LON:ENT) have been assigned a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 1,113.80.

Several research firms have recently commented on ENT. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating on the stock in a report on Friday, January 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,200 target price on shares of Entain in a research report on Tuesday, January 20th. JPMorgan Chase & Co. upgraded Entain to an “overweight” rating and reduced their price target for the company from GBX 1,150 to GBX 1,090 in a report on Tuesday, December 2nd. Finally, Citigroup lowered their price target on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating for the company in a research note on Thursday, November 27th.

Insider Buying and Selling

In other Entain news, insider Ricky Sandler purchased 621,384 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were bought at an average price of GBX 767 per share, for a total transaction of £4,766,015.28. 7.42% of the stock is owned by corporate insiders.

Entain Stock Performance

Shares of ENT opened at GBX 569.20 on Tuesday. The company’s 50 day moving average price is GBX 682.73 and its 200 day moving average price is GBX 772.53. Entain has a 52 week low of GBX 452.50 and a 52 week high of GBX 1,031.50. The company has a market capitalization of £3.64 billion, a PE ratio of -6.63, a PEG ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82.

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.