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

Entain (LON:ENT)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 1,000 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 120.60% from the company’s current price.

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

Entain Stock Up 4.2%

ENT traded up GBX 18.20 during trading on Wednesday, hitting GBX 453.30. The company had a trading volume of 2,426,723 shares, compared to its average volume of 20,475,914. The firm’s 50-day moving average price is GBX 481.82 and its 200 day moving average price is GBX 530.73. The company has a market capitalization of £2.90 billion, a PE ratio of -5.01, a PEG ratio of 0.92 and a beta of 0.76. The company has a quick ratio of 0.74, a current ratio of 1.01 and a debt-to-equity ratio of 497.51. Entain has a one year low of GBX 405.41 and a one year high of GBX 826.80.

Insider Buying and Selling at Entain

In other news, insider Michael Snape purchased 24,013 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were acquired at an average price of GBX 416 per share, for a total transaction of £99,894.08. 7.42% of the stock is currently owned by insiders.

About Entain

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.