Entain Plc (LON:ENT) Stock Has Consensus Target Price of GBX 992.43 According to Brokerages

Entain Plc (LON:ENT) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 986.43.

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a report on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a research note on Thursday, August 13th. Berenberg Bank restated a “buy” rating and set a GBX 1,145 price target on shares of Entain in a research report on Monday, September 14th. Deutsche Bank Aktiengesellschaft dropped their target price on Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a research report on Wednesday. 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.

Insiders Place Their Bets

In related news, insider Michael Snape acquired 51,815 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were acquired at an average cost of GBX 482 per share, with a total value of £249,748.30. Corporate insiders own 7.42% of the company’s stock.

Entain Trading Up 0.6%

Shares of Entain stock opened at GBX 413.40 on Wednesday. The stock has a market cap of £2.65 billion, a PE ratio of -4.57, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The firm has a fifty day moving average price of GBX 512.60 and a 200 day moving average price of GBX 542.30. Entain has a 1 year low of GBX 405.41 and a 1 year high of GBX 879.80. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74.

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.