Entain’s (ENT) “Buy” Rating Reaffirmed at Berenberg Bank

Entain (LON:ENT)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 1,200 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 118.18% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 750 price objective on shares of Entain in a research note on Wednesday, April 15th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 target price on shares of Entain in a research report on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a report on Monday, July 6th. JPMorgan Chase & Co. decreased their price objective on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a research note on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,028 price objective on shares of Entain in a research report on Friday, June 26th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 1,013.

Entain Price Performance

Shares of ENT opened at GBX 550 on Thursday. The company has a 50 day moving average price of GBX 555.19 and a 200-day moving average price of GBX 585.63. Entain has a fifty-two week low of GBX 500.40 and a fifty-two week high of GBX 1,031.50. The stock has a market capitalization of £3.52 billion, a PE ratio of -5.27, a PEG ratio of 0.92 and a beta of 0.77. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52.

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.