Entain’s (ENT) Buy Rating Reaffirmed at Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 1,000 target price on the stock. Jefferies Financial Group‘s price target suggests a potential upside of 122.02% from the stock’s current price.

Several other brokerages have also issued reports on ENT. Berenberg Bank decreased their price target on shares of Entain from GBX 1,145 to GBX 1,090 and set a “buy” rating for the company in a report on Wednesday. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 price objective on shares of Entain in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Finally, JPMorgan Chase & Co. lifted their target price on Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Entain currently has a consensus rating of “Buy” and a consensus target price of GBX 978.57.

Entain Trading Down 0.4%

LON:ENT traded down GBX 1.70 during trading hours on Wednesday, hitting GBX 450.40. The stock had a trading volume of 220,594,672 shares, compared to its average volume of 21,357,055. The business’s 50 day moving average is GBX 477.81 and its 200-day moving average is GBX 529.29. 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 company has a market cap of £2.88 billion, a price-to-earnings ratio of -4.98, a P/E/G ratio of 0.92 and a beta of 0.76. Entain has a one year low of GBX 405.41 and a one year high of GBX 826.80.

Insider Buying and Selling

In related news, insider Michael Snape purchased 24,013 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were purchased at an average price of GBX 416 per share, with a total value of £99,894.08. Company 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.