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

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

Several other equities research analysts also recently issued reports on ENT. JPMorgan Chase & Co. raised their price target on Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a report on Monday, August 17th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 target price on shares of Entain in a report on Friday, September 18th. Deutsche Bank Aktiengesellschaft decreased 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. Finally, Berenberg Bank cut 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. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 978.57.

Entain Stock Performance

LON:ENT traded up GBX 18.20 during mid-day trading 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. The company’s 50 day simple moving average is GBX 483.95 and its 200 day simple moving average is GBX 531.60. The stock has a market cap of £2.90 billion, a price-to-earnings ratio of -5.01, a PEG ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. Entain has a twelve month low of GBX 405.41 and a twelve month high of GBX 826.80.

Insider Transactions at Entain

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