Entain’s (ENT) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Entain (LON:ENT) in a research report sent to investors on Monday,Digital Look reports. Berenberg Bank currently has a GBX 1,145 target price on the stock.

A number of other equities analysts have also weighed in on the company. Shore Capital Group reiterated a “buy” rating and set a GBX 988 price objective on shares of Entain in a research note on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price 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. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of Entain in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Entain from GBX 950 to GBX 914 and set a “buy” rating for the company in a research report on Monday, August 17th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 992.43.

Entain Trading Up 0.3%

LON ENT opened at GBX 499.80 on Monday. Entain has a 1 year low of GBX 487 and a 1 year high of GBX 915.60. 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 company has a market capitalization of £3.20 billion, a PE ratio of -5.52, a P/E/G ratio of 0.92 and a beta of 0.76. The company has a fifty day moving average of GBX 537.39 and a 200 day moving average of GBX 552.34.

More Entain News

Here are the key news stories impacting Entain this week:

• Positive Sentiment: Analysts at Berenberg maintained a “Buy” rating on Entain, providing a positive signal despite recent operational and regulatory concerns. Entain Earns Buy Rating from Berenberg Bank
• Positive Sentiment: Entain’s BetCity business received a new five-year Dutch gambling licence, supporting the stability of its regulated Netherlands operations. Entain’s BetCity Gets New Five-Year Dutch Licence
• Neutral Sentiment: The company is appealing directly to Greater Manchester Mayor Andy Burnham over proposed high-street measures, arguing that further restrictions could damage betting-shop employment and local businesses. Entain Appeals to Burnham as Job Cuts Are Tabled
• Negative Sentiment: Entain plans to eliminate about 400 roles—roughly 20% of customer-care positions—despite reporting a £479 million profit. The cuts highlight management’s effort to protect margins amid cost and tax pressure. Ladbrokes Owner Prepares to Cut 400 Jobs
• Negative Sentiment: Management warned that a possible UK gambling-tax increase could lead to further job losses across the industry—reportedly as many as 15,900 roles—raising concerns about lower future earnings and reduced investment. Ladbrokes Owner Cuts 400 Jobs as It Warns Against Gambling Tax Raid
• Negative Sentiment: A High Court setback saw Entain’s copyright claims against matched-betting platforms struck out, weakening one part of its legal challenge to competitors. High Court Strikes Out Entain Copyright Claims

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.