Entain's (ENT) "Buy" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed a “Buy” rating on Entain and set a GBX 1,000 price target, implying 120.12% potential upside from the previous close.
• Analyst sentiment remains positive: seven analysts rate Entain “Buy,” with a consensus target price of GBX 978.57.
• Entain shares opened at GBX 454.30, near the lower end of their 52-week range, while insider Michael Snape purchased 51,815 shares worth approximately £249,748.

Entain (LON:ENT - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They currently have a GBX 1,000 target price on the stock. Jefferies Financial Group's target price indicates a potential upside of 120.12% from the company's previous close.

ENT has been the topic of several other research reports. Shore Capital Group reaffirmed a "buy" rating and set a GBX 988 price target on shares of Entain in a research report on Friday, September 18th. JPMorgan Chase & Co. raised their price objective on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an "overweight" rating in a research note on Monday, August 17th. Berenberg Bank cut their price target on Entain from GBX 1,145 to GBX 1,090 and set a "buy" rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entain from GBX 914 to GBX 872 and set a "buy" rating for the company in a research report on Wednesday, September 30th. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of GBX 978.57.

Entain Price Performance

ENT stock opened at GBX 454.30 on Wednesday. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The business has a 50 day simple moving average of GBX 483.95 and a 200-day simple moving average of GBX 531.60. The firm has a market capitalization of £2.91 billion, a PE ratio of -5.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. Entain has a 1 year low of GBX 405.41 and a 1 year high of GBX 826.80.

Insider Buying and Selling

In related news, insider Michael Snape purchased 51,815 shares of the company'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 corporate 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.

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