Entain’s (ENT) Buy Rating Reaffirmed at Shore Capital Group

Entain (LON:ENTGet Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital Group in a research note issued on Thursday, Marketbeat Ratings reports.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. raised Entain to an “overweight” rating and cut their price target for the company from GBX 1,150 to GBX 1,090 in a research note on Tuesday, December 2nd. Citigroup cut their target price on shares of Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating on the stock in a research report on Thursday, November 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating for the company in a research report on Friday, January 23rd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price objective on shares of Entain in a report on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,113.80.

Get Our Latest Stock Report on Entain

Entain Trading Up 1.1%

ENT stock traded up GBX 6.60 during trading on Thursday, hitting GBX 584.80. The company had a trading volume of 3,193,144 shares, compared to its average volume of 18,652,666. The stock has a market cap of £3.74 billion, a price-to-earnings ratio of -6.81, a PEG ratio of 0.92 and a beta of 0.94. The company has a quick ratio of 0.74, a current ratio of 0.60 and a debt-to-equity ratio of 259.61. The firm has a 50-day moving average price of GBX 657.58 and a 200-day moving average price of GBX 756.84. Entain has a 12 month low of GBX 452.50 and a 12 month high of GBX 1,031.50.

Insiders Place Their Bets

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

Key Stories Impacting Entain

Here are the key news stories impacting Entain this week:

Entain Company Profile

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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.

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Analyst Recommendations for Entain (LON:ENT)

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