Entain (LON:ENT) Receives “Buy” Rating from Berenberg Bank

Entain (LON:ENT)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 1,200 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 111.57% from the company’s current price.

ENT has been the subject of several other research reports. Shore Capital Group reissued a “buy” rating on shares of Entain in a research report on Thursday, April 16th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price target on shares of Entain in a research report on Wednesday, April 15th. Citigroup reduced their price target on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,028 target price on shares of Entain in a research report on Tuesday. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 750 target price on shares of Entain in a research report on Wednesday, April 15th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,028.

Entain Price Performance

Shares of ENT opened at GBX 567.20 on Wednesday. The company has a market capitalization of £3.63 billion, a P/E ratio of -5.44, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. The firm has a 50 day moving average of GBX 558 and a 200 day moving average of GBX 634.80. Entain has a twelve month low of GBX 500.40 and a twelve month high of GBX 1,031.50.

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.