Entain’s (ENT) “Buy” Rating Reaffirmed at Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 1,000 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 76.30% from the company’s previous close.

Several other research analysts have also recently weighed in on ENT. Shore Capital Group reaffirmed a “buy” rating on shares of Entain in a research report on Thursday, April 16th. Citigroup cut their target price on Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price target on shares of Entain in a research report on Wednesday, June 3rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 price target on shares of Entain in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,028 price objective on shares of Entain in a report on Tuesday, June 2nd. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,022.29.

Entain Stock Down 0.4%

ENT stock traded down GBX 2.40 during trading hours on Friday, reaching GBX 567.20. 2,013,164 shares of the stock were exchanged, compared to its average volume of 20,914,107. The firm’s 50-day moving average is GBX 561.93 and its 200-day moving average is GBX 612.49. The company has a market cap of £3.63 billion, a price-to-earnings ratio of -5.44, a PEG ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 448.61, a current ratio of 0.52 and a quick ratio of 0.74. Entain has a 12 month low of GBX 500.40 and a 12 month high of GBX 1,031.50.

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.