Entain (LON:ENT) Stock: Insider Michael Snape Purchases 24,013 Shares

Entain Plc (LON:ENT) insider Michael Snape acquired 24,013 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was bought at an average price of GBX 416 per share, for a total transaction of £99,894.08.

Michael Snape also recently made the following trade(s):

• On Friday, September 18th, Michael Snape acquired 51,815 shares of Entain stock. The stock was bought at an average cost of GBX 482 per share, for a total transaction of £249,748.30.

Entain Stock Performance

LON ENT opened at GBX 413.40 on Friday. The firm has a 50-day moving average of GBX 512.60 and a 200-day moving average of GBX 542.30. The stock has a market cap of £2.65 billion, a PE ratio of -4.57, a P/E/G ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. Entain Plc has a 52-week low of GBX 405.41 and a 52-week high of GBX 879.80.

Analyst Ratings Changes

A number of analysts have commented on ENT shares. JPMorgan Chase & Co. boosted their price objective on Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a report on Monday, August 17th. Berenberg Bank reissued a “buy” rating and set a GBX 1,145 target price on shares of Entain in a research report on Monday, September 14th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price objective on shares of Entain in a report on Thursday, August 13th. Shore Capital Group reiterated a “buy” rating and issued a GBX 988 price objective on shares of Entain in a research note on Friday, September 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 986.43.

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.