Entain (LON:ENT) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Entain (LON:ENT) in a research note released on Thursday morning, Marketbeat reports. The firm currently has a GBX 1,089 ($13.56) price objective on the stock.

ENT has been the subject of several other reports. Barclays lowered shares of Entain to an equal weight rating and cut their price target for the company from GBX 1,120 ($13.94) to GBX 1,070 ($13.32) in a research report on Tuesday, February 6th. Berenberg Bank cut their price target on shares of Entain from GBX 1,310 ($16.31) to GBX 1,140 ($14.19) and set a buy rating for the company in a research report on Friday, March 22nd. Jefferies Financial Group reissued a buy rating and issued a GBX 1,140 ($14.19) target price on shares of Entain in a research note on Friday, April 12th. Finally, Shore Capital reissued a buy rating on shares of Entain in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of GBX 1,143.17 ($14.23).

Entain Stock Performance

LON ENT opened at GBX 838.07 ($10.43) on Thursday. The company has a 50-day simple moving average of GBX 834.98 and a two-hundred day simple moving average of GBX 894.20. The company has a quick ratio of 0.74, a current ratio of 0.56 and a debt-to-equity ratio of 134.33. Entain has a 12-month low of GBX 718.20 ($8.94) and a 12-month high of GBX 1,516.50 ($18.88). The firm has a market cap of £5.35 billion, a price-to-earnings ratio of -593.90, a PEG ratio of 0.92 and a beta of 1.29.

Entain Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 14th will be given a dividend of GBX 8.90 ($0.11) per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a yield of 1.07%. Entain’s payout ratio is -1,276.60%.

Insider Buying and Selling at Entain

In other news, insider Stella David acquired 65,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of GBX 736 ($9.16) per share, with a total value of £478,400 ($595,543.38). Insiders own 0.19% of the company’s stock.

Entain Company Profile

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.