Entain’s (ENT) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Entain (LON:ENT)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 1,028 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 85.36% from the company’s current price.

ENT has been the subject of a number of other reports. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 price objective on shares of Entain in a research note on Wednesday, April 15th. Shore Capital Group reaffirmed a “buy” rating on shares of Entain in a research report on Thursday, April 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 target price on shares of Entain in a research report on Monday, March 30th. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 target price on shares of Entain in a research report on Wednesday, April 15th. Finally, Citigroup reduced their target price on Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Entain presently has an average rating of “Buy” and a consensus price target of GBX 1,028.

Entain Trading Up 3.9%

Shares of LON ENT opened at GBX 554.60 on Tuesday. The company has a debt-to-equity ratio of 448.61, a current ratio of 0.52 and a quick ratio of 0.74. The stock has a market capitalization of £3.55 billion, a P/E ratio of -5.32, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. Entain has a 1-year low of GBX 500.40 and a 1-year high of GBX 1,031.50. The business has a fifty day moving average price of GBX 558 and a 200 day moving average price of GBX 634.80.

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.