Entain (LON:ENT) Receives “Buy” Rating from Berenberg Bank

Entain (LON:ENT)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 1,200 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 111.57% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on ENT. Shore Capital Group reissued a “buy” rating on shares of Entain in a research report on Thursday, April 16th. Peel Hunt reissued a “buy” rating and set a GBX 750 price objective on shares of Entain in a research report on Wednesday, April 15th. Citigroup cut their price objective on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,028 price objective on shares of Entain in a research report on Tuesday. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price objective on shares of Entain in a research report on Wednesday, April 15th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Entain presently has a consensus rating of “Buy” and an average price target of GBX 1,028.

Entain Trading Up 0.9%

Shares of ENT stock opened at GBX 567.20 on Wednesday. Entain has a 1 year low of GBX 500.40 and a 1 year high of GBX 1,031.50. The firm has a fifty day moving average price of GBX 558 and a 200-day moving average price of GBX 634.80. 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 company has a market cap of £3.63 billion, a price-to-earnings ratio of -5.44, a PEG ratio of 0.92 and a beta of 0.76.

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.