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

Entain Plc (LON:ENT) insider Michael Snape bought 24,013 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were bought at an average cost of GBX 416 per share, with a total value of £99,894.08.

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

• On Friday, September 18th, Michael Snape purchased 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 Price Performance

ENT stock opened at GBX 417.20 on Friday. The business’s 50-day moving average is GBX 515.39 and its two-hundred day moving average is GBX 543.21. 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 firm has a market capitalization of £2.67 billion, a P/E ratio of -4.61, a P/E/G ratio of 0.92 and a beta of 0.76. Entain Plc has a 1 year low of GBX 405.41 and a 1 year high of GBX 879.80.

Analyst Upgrades and Downgrades

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

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. 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.