Entain (LON:ENT) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They currently 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 previous close.

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

Entain Stock Down 0.4%

ENT traded down GBX 1.70 on Wednesday, hitting GBX 450.40. The company had a trading volume of 220,594,672 shares, compared to its average volume of 21,357,055. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. Entain has a 52-week low of GBX 405.41 and a 52-week high of GBX 826.80. The stock has a fifty day simple moving average of GBX 479.95 and a 200-day simple moving average of GBX 529.85. The firm has a market capitalization of £2.88 billion, a P/E ratio of -4.98, a P/E/G ratio of 0.92 and a beta of 0.76.

Insiders Place Their Bets

In other Entain news, insider Michael Snape acquired 24,013 shares of the business’s stock in a transaction 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. Company insiders own 7.42% of the company’s stock.

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.