Entain’s (ENT) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Entain (LON:ENT) in a research note published on Monday, MarketBeat reports. They currently have a GBX 1,000 price objective on the stock.

Other research analysts have also issued research reports about the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,200 price target on shares of Entain in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,028 price objective on shares of Entain in a research report on Friday, June 26th. Peel Hunt restated a “buy” rating and set a GBX 750 price objective on shares of Entain in a report on Wednesday, April 15th. JPMorgan Chase & Co. cut their price objective on shares of Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating on the stock in a research report on Friday, July 3rd. Finally, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 988 target price on shares of Entain in a research note on Friday, June 26th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,001.86.

Entain Price Performance

LON ENT opened at GBX 565.30 on Monday. The business has a 50 day simple moving average of GBX 557.58 and a 200 day simple moving average of GBX 578.48. Entain has a 52-week low of GBX 500.40 and a 52-week high of GBX 1,031. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52. The stock has a market cap of £3.62 billion, a price-to-earnings ratio of -5.42, a PEG ratio of 0.92 and a beta of 0.77.

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.