Entain (LON:ENT) Stock Rating Reaffirmed by Berenberg Bank

Entain (LON:ENT)‘s stock had its “buy” rating restated by Berenberg Bank in a report issued on Wednesday, Digital Look reports. They currently have a GBX 1,140 ($14.19) target price on the stock. Berenberg Bank’s price objective points to a potential upside of 39.06% from the stock’s current price.

A number of other research firms also recently weighed in on ENT. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,140 ($14.19) price target on shares of Entain in a research note on Friday, April 12th. Shore Capital restated a “buy” rating on shares of Entain in a research note on Wednesday. Barclays downgraded Entain to an “equal weight” rating and decreased their price target for the company from GBX 1,120 ($13.94) to GBX 1,070 ($13.32) in a research note on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,089 ($13.56) price target on shares of Entain in a research note on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Entain has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,143.17 ($14.23).

Entain Trading Up 0.7 %

LON:ENT opened at GBX 819.80 ($10.21) on Wednesday. The firm has a market cap of £5.24 billion, a P/E ratio of -581.28, a PEG ratio of 0.92 and a beta of 1.29. The company has a current ratio of 0.56, a quick ratio of 0.74 and a debt-to-equity ratio of 134.33. The stock’s 50 day simple moving average is GBX 841.69 and its 200-day simple moving average is GBX 895.68. Entain has a 12-month low of GBX 718.20 ($8.94) and a 12-month high of GBX 1,516.50 ($18.88).

Insiders Place Their Bets

In related news, insider Stella David purchased 65,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of GBX 736 ($9.16) per share, with a total value of £478,400 ($595,543.38). 0.19% of the stock is owned by company insiders.

About Entain

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.