Entain Plc (LON:ENT) Given Average Rating of “Buy” by Analysts

Shares of Entain Plc (LON:ENT) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is GBX 992.43.

ENT has been the subject of a number of research analyst reports. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 price objective on shares of Entain in a research report on Tuesday, August 11th. Berenberg Bank lowered their price target on Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut their price target on Entain from GBX 950 to GBX 914 and set a “buy” rating for the company in a report on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price objective on shares of Entain in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research report on Monday, August 17th.

Entain Stock Performance

LON ENT opened at GBX 502.20 on Friday. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The firm has a market capitalization of £3.21 billion, a price-to-earnings ratio of -5.55, a P/E/G ratio of 0.92 and a beta of 0.76. The company’s fifty day moving average is GBX 539.09 and its two-hundred day moving average is GBX 553.99. Entain has a 52-week low of GBX 491.22 and a 52-week high of GBX 915.60.

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.