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

Entain (LON:ENT)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital Group in a research note issued on Friday, September 18th, MarketBeat.com reports. They presently have a GBX 988 price objective on the stock. Shore Capital Group’s target price would indicate a potential upside of 119.75% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entain from GBX 950 to GBX 914 and set a “buy” rating on the stock in a report on Monday, August 17th. JPMorgan Chase & Co. increased their target price on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a report on Monday, August 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,145 target price on shares of Entain in a research note on Monday, September 14th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 price target on shares of Entain in a report on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 992.43.

Entain Trading Up 0.8%

Shares of LON ENT traded up GBX 3.50 during mid-day trading on Friday, hitting GBX 449.60. The stock had a trading volume of 3,330,900 shares, compared to its average volume of 22,094,453. The business has a 50 day moving average price of GBX 528.18 and a two-hundred day moving average price of GBX 548.29. Entain has a 1 year low of GBX 443.90 and a 1 year high of GBX 915.60. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. The firm has a market cap of £2.88 billion, a P/E ratio of -4.97, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76.

Insider Transactions at Entain

In related news, insider Michael Snape acquired 51,815 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was acquired at an average cost of GBX 482 per share, for a total transaction of £249,748.30. Insiders own 7.42% of the company’s stock.

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.