Citigroup Cuts Entain (LON:ENT) Price Target to GBX 1,100

Entain (LON:ENT) had its price target reduced by Citigroup from GBX 1,150 to GBX 1,100 in a research note published on Tuesday, MarketBeat reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on ENT. Deutsche Bank Aktiengesellschaft reduced their price target on Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating for the company in a report on Friday, January 23rd. Berenberg Bank reissued a “buy” rating and issued a GBX 1,200 price objective on shares of Entain in a report on Tuesday, January 20th. JPMorgan Chase & Co. upgraded Entain to an “overweight” rating and cut their price objective for the company from GBX 1,150 to GBX 1,090 in a research report on Tuesday, December 2nd. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Entain in a research note on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,103.80.

Entain Trading Down 3.0%

ENT stock opened at GBX 565.80 on Tuesday. Entain has a 52-week low of GBX 452.50 and a 52-week high of GBX 1,031.50. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. The firm has a market cap of £3.62 billion, a P/E ratio of -6.59, a PEG ratio of 0.92 and a beta of 0.90. The company’s 50-day simple moving average is GBX 635.87 and its 200-day simple moving average is GBX 745.10.

Insider Activity at Entain

In other news, insider Ricky Sandler bought 621,384 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were acquired 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 insiders.

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.