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

Entain (LON:ENT)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 1,000 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 131.11% from the company’s previous close.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research note on Monday, August 17th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,145 target price on shares of Entain in a research note on Monday, September 14th. Shore Capital Group restated a “buy” rating and set a GBX 988 price target on shares of Entain in a research report on Friday, September 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Entain from GBX 914 to GBX 872 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Entain currently has an average rating of “Buy” and a consensus target price of GBX 986.43.

Entain Stock Performance

Shares of LON:ENT traded down GBX 11.70 during mid-day trading on Monday, reaching GBX 432.70. The company had a trading volume of 3,996,836 shares, compared to its average volume of 20,839,350. The company’s 50-day moving average price is GBX 492.12 and its 200-day moving average price is GBX 534.90. Entain has a one year low of GBX 405.41 and a one year high of GBX 859.02. The firm has a market cap of £2.77 billion, a price-to-earnings ratio of -4.78, a PEG ratio of 0.92 and a beta of 0.76. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51.

Insiders Place Their Bets

In related news, insider Michael Snape purchased 51,815 shares of Entain stock in a transaction on Friday, September 18th. The stock was acquired at an average price of GBX 482 per share, for a total transaction of £249,748.30. Insiders own 7.42% of the company’s stock.

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.