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

Key Points

• Deutsche Bank lowered Entain’s price target from GBX 914 to GBX 872 while maintaining a “buy” rating, implying substantial upside from the prior close.
• Analyst sentiment remains positive: seven firms rate Entain “Buy,” with a consensus target of GBX 986.43, although targets range from GBX 872 to GBX 1,145.
• Entain shares opened at GBX 413.87, near their one-year low of GBX 411.10, while insider Michael Snape purchased 51,815 shares worth approximately £249,748.

Entain (LON:ENT - Get Free Report) had its target price reduced by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 914 to GBX 872 in a report issued on Wednesday, Digital Look reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 110.69% from the stock's previous close.

A number of other research firms also recently commented on ENT. Shore Capital Group restated a "buy" rating and issued a GBX 988 target price on shares of Entain in a research report on Friday, September 18th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,145 price target on shares of Entain in a report on Monday, September 14th. Jefferies Financial Group reissued a "buy" rating and set a GBX 1,000 price objective on shares of Entain in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an "overweight" rating in a report on Monday, August 17th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 986.43.

Entain Trading Down 0.8%

ENT opened at GBX 413.87 on Wednesday. Entain has a one year low of GBX 411.10 and a one year high of GBX 884.60. The stock has a market capitalization of £2.65 billion, a PE ratio of -4.57, a P/E/G ratio of 0.92 and a beta of 0.76. The business's 50 day moving average price is GBX 518.13 and its 200 day moving average price is GBX 544.17. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01.

Insider Buying and Selling

In other news, insider Michael Snape purchased 51,815 shares of the firm's stock in a transaction on Friday, September 18th. The shares were bought at an average cost of GBX 482 per share, for a total transaction of £249,748.30. 7.42% of the stock is 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.

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