Jefferies Financial Group Reaffirms “Buy” Rating for Entain (LON:ENT)

Entain (LON:ENT)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a report released on Monday,Digital Look reports. They currently have a GBX 1,000 price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 89.18% from the company’s previous close.

ENT has been the topic of a number of other reports. Berenberg Bank reiterated a “buy” rating and set a GBX 1,200 target price on shares of Entain in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,028 price target on shares of Entain in a research report on Friday, June 26th. Citigroup lowered their price objective on shares of 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. Shore Capital Group reiterated a “buy” rating and issued a GBX 988 target price on shares of Entain in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a research report on Friday. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,013.

Entain Stock Performance

Shares of ENT stock opened at GBX 528.60 on Monday. The company has a debt-to-equity ratio of 448.61, a current ratio of 0.52 and a quick ratio of 0.74. The firm has a 50-day moving average of GBX 555.45 and a 200-day moving average of GBX 604.51. Entain has a one year low of GBX 500.40 and a one year high of GBX 1,031.50. The company has a market cap of £3.38 billion, a P/E ratio of -5.07, a P/E/G ratio of 0.92 and a beta of 0.77.

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.