Deutsche Bank Aktiengesellschaft Boosts Entain (LON:ENT) Price Target to GBX 1,055

Entain (LON:ENT) had its price objective increased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,029 to GBX 1,055 in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 79.85% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Shore Capital Group reissued a “buy” rating on shares of Entain in a report on Thursday, March 5th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price objective on shares of Entain in a research note on Tuesday, January 20th. JPMorgan Chase & Co. raised Entain to an “overweight” rating and decreased their price objective for the stock from GBX 1,150 to GBX 1,090 in a research report on Tuesday, December 2nd. Finally, Citigroup lowered 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. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 1,109.

Entain Trading Down 0.4%

Shares of Entain stock opened at GBX 586.60 on Tuesday. Entain has a 1 year low of GBX 452.50 and a 1 year high of GBX 1,031.50. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52. The company has a market capitalization of £3.75 billion, a P/E ratio of -6.83, a PEG ratio of 0.92 and a beta of 0.90. The company’s fifty day moving average is GBX 605.93 and its two-hundred day moving average is GBX 727.57.

Insider Activity at Entain

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

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.