Insider Buying: Entain (LON:ENT) Insider Acquires £249,748.30 in Stock

Entain Plc (LON:ENT) insider Michael Snape acquired 51,815 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was acquired at an average price of GBX 482 per share, with a total value of £249,748.30.

Entain Price Performance

Shares of Entain stock opened at GBX 477.38 on Thursday. 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’s 50-day simple moving average is GBX 530.63 and its 200-day simple moving average is GBX 549.27. Entain Plc has a twelve month low of GBX 459.40 and a twelve month high of GBX 915.60. The firm has a market cap of £3.05 billion, a P/E ratio of -5.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ENT. Berenberg Bank restated a “buy” rating and set a GBX 1,145 target price on shares of Entain in a research report on Monday, September 14th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a research report on Thursday, August 13th. JPMorgan Chase & Co. increased their price objective 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. Deutsche Bank Aktiengesellschaft cut their price objective on Entain from GBX 950 to GBX 914 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Shore Capital Group restated a “buy” rating and issued a GBX 988 target price on shares of Entain in a research note on Friday, September 18th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 992.43.

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.