Entain Plc (LON:ENT) Receives GBX 1,029.80 Average Price Target from Brokerages

Shares of Entain Plc (LON:ENT) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 1,029.80 ($13.77).

A number of analysts recently weighed in on ENT shares. Shore Capital reaffirmed a “buy” rating on shares of Entain in a research note on Monday, September 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Entain in a research note on Wednesday, September 11th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,140 ($15.25) target price on shares of Entain in a report on Monday, June 24th. Finally, Berenberg Bank boosted their target price on shares of Entain from GBX 1,020 ($13.64) to GBX 1,030 ($13.78) and gave the stock a “buy” rating in a report on Tuesday, September 17th.

Insider Activity

In other news, insider Ricky Sandler sold 369,470 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of GBX 707 ($9.46), for a total transaction of £2,612,152.90 ($3,494,051.50). In related news, insider Ricky Sandler sold 369,470 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of GBX 707 ($9.46), for a total value of £2,612,152.90 ($3,494,051.50). Also, insider Amanda Brown purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average price of GBX 741 ($9.91) per share, for a total transaction of £74,100 ($99,117.17). Corporate insiders own 0.26% of the company’s stock.

Entain Stock Up 0.6 %

LON:ENT opened at GBX 763.60 ($10.21) on Tuesday. Entain has a 1-year low of GBX 498.50 ($6.67) and a 1-year high of GBX 1,034 ($13.83). The company has a 50-day moving average of GBX 657.43 and a 200 day moving average of GBX 704.53. The firm has a market cap of £4.88 billion, a PE ratio of -1,193.13, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 154.96, a current ratio of 0.67 and a quick ratio of 0.74.

Entain Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 15th were issued a dividend of GBX 9.30 ($0.12) per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 1.78%. This is an increase from Entain’s previous dividend of $8.90. Entain’s dividend payout ratio is -2,968.75%.

About Entain

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.