Entain (LON:ENT) Stock Keeps Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reiterated its “buy” rating on Entain and set a GBX 1,000 price target, implying roughly 115% upside from the previous close.
• Analyst sentiment remains positive: seven analysts rate Entain as a Buy, with a consensus price target of GBX 965.71. JPMorgan has an “overweight” rating with a GBX 1,050 target.
• Entain shares opened at GBX 465.24, near the lower end of their 12-month range of GBX 405.41 to GBX 805.40; insider Michael Snape also purchased 24,013 shares for about £99,894.

Entain (LON:ENT - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 1,000 price target on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 114.94% from the company's previous close.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Entain from GBX 914 to GBX 872 and set a "buy" rating for the company in a research report on Wednesday, September 30th. Shore Capital Group reissued a "buy" rating and set a GBX 988 target price on shares of Entain in a research report on Friday, September 18th. Berenberg Bank restated a "buy" rating and set a GBX 1,000 target price on shares of Entain in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Entain from GBX 1,025 to GBX 1,050 and gave the company an "overweight" rating in a report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 965.71.

Entain Stock Performance

Shares of ENT stock opened at GBX 465.24 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51. The firm has a fifty day moving average price of GBX 472.72 and a 200 day moving average price of GBX 549.93. The company has a market cap of £2.98 billion, a P/E ratio of -5.14, a PEG ratio of 0.92 and a beta of 0.76. Entain has a 12 month low of GBX 405.41 and a 12 month high of GBX 805.40.

Insider Buying and Selling

In other Entain news, insider Michael Snape acquired 24,013 shares of the stock in a transaction on Thursday, October 1st. The shares were bought at an average price of GBX 416 per share, with a total value of £99,894.08. 7.42% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.