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

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

Several other research firms have also recently weighed in on ENT. Berenberg Bank cut their price objective on Entain from GBX 1,145 to GBX 1,090 and set a “buy” rating on the stock in a report on Wednesday. Shore Capital Group reissued a “buy” rating and set a GBX 988 target price on shares of Entain in a research note on Friday, September 18th. JPMorgan Chase & Co. increased their target price 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. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Entain presently has a consensus rating of “Buy” and a consensus target price of GBX 978.57.

Entain Trading Up 4.2%

Shares of ENT stock traded up GBX 18.20 on Wednesday, hitting GBX 453.30. The stock had a trading volume of 2,426,723 shares, compared to its average volume of 20,475,914. Entain has a twelve month low of GBX 405.41 and a twelve month high of GBX 826.80. The firm has a market cap of £2.90 billion, a P/E ratio of -5.01, 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. The company has a fifty day moving average price of GBX 483.95 and a two-hundred day moving average price of GBX 531.60.

Insiders Place Their Bets

In other Entain news, insider Michael Snape purchased 51,815 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was bought at an average cost of GBX 482 per share, with a total value of £249,748.30. 7.42% of the stock is currently owned by company 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.