JPMorgan Chase & Co. Lowers Entain (LON:ENT) Price Target to GBX 1,025

Entain (LON:ENT) had its target price cut by stock analysts at JPMorgan Chase & Co. from GBX 1,040 to GBX 1,025 in a research report issued to clients and investors on Friday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 92.31% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. Peel Hunt reissued a “buy” rating and set a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,200 price target on shares of Entain in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,028 price objective on shares of Entain in a research report on Friday, June 26th. Shore Capital Group reissued a “buy” rating and issued a GBX 988 price objective on shares of Entain in a research note on Friday, June 26th. Finally, Citigroup cut their target price on Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Entain currently has a consensus rating of “Buy” and an average price target of GBX 1,013.

Entain Stock Performance

LON:ENT opened at GBX 533 on Friday. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52. Entain has a fifty-two week low of GBX 500.40 and a fifty-two week high of GBX 1,031.50. The company has a 50 day simple moving average of GBX 556.86 and a two-hundred day simple moving average of GBX 606.02. The company has a market capitalization of £3.41 billion, a PE ratio of -5.11, a P/E/G ratio of 0.92 and a beta of 0.76.

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.