Entain (LON:ENT) Sets New 1-Year Low – What’s Next?

Entain Plc (LON:ENTGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as GBX 491 and last traded at GBX 492.70, with a volume of 2623575 shares changing hands. The stock had previously closed at GBX 501.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ENT shares. JPMorgan Chase & Co. lifted their price target on Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Shore Capital Group restated a “buy” rating and issued a GBX 988 target price on shares of Entain in a report on Tuesday, August 11th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,145 price target on shares of Entain in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Entain from GBX 950 to GBX 914 and set a “buy” rating for the company in a research note on Monday, August 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 target price on shares of Entain in a report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 992.43.

Read Our Latest Analysis on Entain

Entain Stock Performance

The company has a 50-day simple moving average of GBX 538.55 and a two-hundred day simple moving average of GBX 553.49. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. The firm has a market capitalization of £3.14 billion, a P/E ratio of -5.43, a PEG ratio of 0.92 and a beta of 0.76.

About Entain

(Get Free Report)

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.

Further Reading

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