Entain (LON:ENT) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Entain (LON:ENT) to an overweight rating in a research report report published on Tuesday morning,London Stock Exchange reports. They currently have GBX 1,090 target price on the stock, down from their prior target price of GBX 1,150.

Other equities research analysts have also recently issued reports about the stock. Berenberg Bank dropped their target price on shares of Entain from GBX 1,400 to GBX 1,200 and set a “buy” rating for the company in a research report on Thursday, November 27th. Shore Capital restated a “buy” rating on shares of Entain in a report on Wednesday, October 15th. Citigroup reduced their target price on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating on the stock in a report on Thursday, November 27th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,100 target price on shares of Entain in a research report on Wednesday, October 15th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,136.

Entain Trading Down 0.6%

ENT stock traded down GBX 4.60 on Tuesday, reaching GBX 784. The company’s stock had a trading volume of 2,784,096 shares, compared to its average volume of 6,153,915. The firm has a market cap of £5.01 billion, a PE ratio of -9.13, a PEG ratio of 0.92 and a beta of 1.19. The business has a fifty day simple moving average of GBX 796.16 and a two-hundred day simple moving average of GBX 846.93. Entain has a 12-month low of GBX 452.50 and a 12-month high of GBX 1,031.50. The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82.

Insider Buying and Selling

In related news, insider Ricky Sandler sold 485,188 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of GBX 787, for a total transaction of £3,818,429.56. Company insiders own 7.42% of the company’s stock.

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.