Entain Plc (LON:ENT) Receives Average Recommendation of “Buy” from Brokerages

Entain Plc (LON:ENT) has received a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 1,013.

A number of equities research analysts recently weighed in on ENT shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price target on shares of Entain in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,028 price objective on shares of Entain in a report on Friday, June 26th. JPMorgan Chase & Co. lowered their target price on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a research note on Friday, July 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of Entain in a research report on Monday, July 6th. Finally, Shore Capital Group reiterated a “buy” rating and issued a GBX 988 price target on shares of Entain in a research note on Friday, June 26th.

Entain Trading Down 0.2%

ENT opened at GBX 567 on Friday. The firm’s 50 day moving average is GBX 552.63 and its 200-day moving average is GBX 591.52. Entain has a 52-week low of GBX 500.40 and a 52-week high of GBX 1,031.50. 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 market capitalization of £3.63 billion, a P/E ratio of -5.44, a P/E/G ratio of 0.92 and a beta of 0.77.

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.