Insider Buying: Entain (LON:ENT) Insider Buys £99,894.08 in Stock

Entain Plc (LON:ENT) insider Michael Snape purchased 24,013 shares of Entain stock in a transaction on Thursday, October 1st. The stock was bought at an average price of GBX 416 per share, with a total value of £99,894.08.

Michael Snape also recently made the following trade(s):

• On Friday, September 18th, Michael Snape acquired 51,815 shares of Entain stock. The shares were bought at an average cost of GBX 482 per share, for a total transaction of £249,748.30.

Entain Trading Up 0.6%

Shares of LON:ENT opened at GBX 413.40 on Monday. The stock has a 50 day moving average of GBX 512.60 and a 200 day moving average of GBX 542.33. The company has a market cap of £2.65 billion, a PE ratio of -4.57, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51. Entain Plc has a 12-month low of GBX 405.41 and a 12-month high of GBX 879.80.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ENT. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 target price on shares of Entain in a research note on Thursday, August 13th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,145 target price on shares of Entain in a report on Monday, September 14th. JPMorgan Chase & Co. increased their price target on Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 988 price target on shares of Entain in a report on Friday, September 18th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 986.43.

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.