Entain (LON:ENT) Given “Buy” Rating at Jefferies Financial Group

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

ENT has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. JPMorgan Chase & Co. upped their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a report on Monday, August 17th. Berenberg Bank lowered their price objective on shares of Entain from GBX 1,145 to GBX 1,090 and set a “buy” rating for the company in a research report on Wednesday. Finally, Shore Capital Group restated a “buy” rating and set a GBX 988 price objective on shares of Entain in a report on Friday, September 18th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Entain has a consensus rating of “Buy” and a consensus price target of GBX 978.57.

Entain Stock Down 0.4%

Shares of ENT traded down GBX 1.70 on Wednesday, hitting GBX 450.40. The company’s stock had a trading volume of 220,594,672 shares, compared to its average volume of 21,357,055. The firm’s fifty day moving average price is GBX 477.81 and its 200-day moving average price is GBX 529.29. Entain has a fifty-two week low of GBX 405.41 and a fifty-two week high of GBX 826.80. The company has a quick ratio of 0.74, a current ratio of 1.01 and a debt-to-equity ratio of 497.51. The firm has a market capitalization 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.

Insider Buying and Selling at Entain

In related news, insider Michael Snape acquired 51,815 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was bought at an average price of GBX 482 per share, for a total transaction of £249,748.30. 7.42% of the stock is owned by insiders.

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.