Entain (LON:ENT) Earns Buy Rating from Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 1,000 price objective on the stock. Jefferies Financial Group’s target price points to a potential upside of 77.12% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Shore Capital Group reissued a “buy” rating and issued a GBX 988 price target on shares of Entain in a report on Friday, June 26th. Berenberg Bank dropped their price objective on shares of Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a report on Friday, July 31st. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 price objective on shares of Entain in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Entain from GBX 1,028 to GBX 950 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. decreased their target price on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating on the stock in a research report on Friday, July 3rd. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 994.

Entain Stock Performance

Shares of ENT opened at GBX 564.60 on Thursday. The company has a market capitalization of £3.61 billion, a PE ratio of -5.41, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. Entain has a one year low of GBX 500.40 and a one year high of GBX 915.60. 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’s fifty day moving average price is GBX 557.64 and its 200 day moving average price is GBX 566.74.

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.