Entain Plc (LON:ENT) Given Average Recommendation of “Buy” by Analysts

Entain Plc (LON:ENT) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 1,113.80.

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating for the company in a report on Friday, January 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,200 target price on shares of Entain in a research note on Tuesday, January 20th. JPMorgan Chase & Co. raised shares of Entain to an “overweight” rating and decreased their price target for the stock from GBX 1,150 to GBX 1,090 in a research note on Tuesday, December 2nd. Finally, Citigroup lowered their price objective on shares of Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating for the company in a report on Thursday, November 27th.

Insider Activity

In related news, insider Ricky Sandler acquired 621,384 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were purchased at an average price of GBX 767 per share, for a total transaction of £4,766,015.28. Company insiders own 7.42% of the company’s stock.

Entain Stock Down 0.2%

Shares of LON:ENT opened at GBX 561.85 on Tuesday. The firm has a market capitalization of £3.59 billion, a PE ratio of -6.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82. Entain has a 52-week low of GBX 452.50 and a 52-week high of GBX 1,031.50. The firm has a fifty day moving average of GBX 699.60 and a 200 day moving average of GBX 787.54.

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.