Entain (LON:ENT) Earns Buy Rating from Berenberg Bank

Entain (LON:ENT)‘s stock had its “buy” rating restated by Berenberg Bank in a report issued on Monday, Digital Look reports. They currently have a GBX 1,145 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 125.93% from the stock’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of 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 reissued a “buy” rating and issued a GBX 988 price target on shares of Entain in a research note on Tuesday, August 11th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Entain from GBX 950 to GBX 914 and set a “buy” rating for the company in a report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Entain has an average rating of “Buy” and a consensus target price of GBX 992.43.

Entain Stock Up 0.9%

Shares of LON:ENT opened at GBX 506.80 on Monday. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The stock has a market cap of £3.24 billion, a price-to-earnings ratio of -5.60, a P/E/G ratio of 0.92 and a beta of 0.76. The company has a 50 day moving average of GBX 539.09 and a 200-day moving average of GBX 553.93. Entain has a one year low of GBX 491.22 and a one year high of GBX 915.60.

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.