Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Entain (LON:ENT) Stock Price

Entain (LON:ENT) had its target price boosted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 1,029 to GBX 1,055 in a report released on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 79.85% from the company’s current price.

ENT has been the subject of a number of other reports. Citigroup lowered their price target on Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 10th. Shore Capital Group reissued a “buy” rating on shares of Entain in a report on Thursday, March 5th. Berenberg Bank restated a “buy” rating and set a GBX 1,200 price objective on shares of Entain in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. upgraded shares of Entain to an “overweight” rating and lowered their target price for the company from GBX 1,150 to GBX 1,090 in a report on Tuesday, December 2nd. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,109.

Entain Trading Down 0.4%

ENT opened at GBX 586.60 on Tuesday. Entain has a one year low of GBX 452.50 and a one year high of GBX 1,031.50. The company has a market cap of £3.75 billion, a P/E ratio of -6.83, a PEG ratio of 0.92 and a beta of 0.90. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52. The business’s 50-day simple moving average is GBX 605.93 and its 200-day simple moving average is GBX 727.57.

Insider Activity

In other news, insider Ricky Sandler purchased 621,384 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average price of GBX 767 per share, for a total transaction of £4,766,015.28. 7.42% of the stock is currently owned by company insiders.

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.