Jefferies Financial Group Reaffirms Buy Rating for Entain (LON:ENT)

Key Points

• Jefferies reaffirmed its Buy rating on Entain and maintained a GBX 1,000 price target, implying 134.19% upside from the stock’s GBX 427 opening price.
• Analyst sentiment remains positive: seven analysts rate Entain Buy, with a consensus rating of Buy and an average target price of GBX 986.43, despite Deutsche Bank cutting its target to GBX 872.
• Entain insider Michael Snape purchased 51,815 shares at GBX 482 each, worth approximately £249,748; insiders own 7.42% of the company.

Entain (LON:ENT - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 1,000 target price on the stock. Jefferies Financial Group's price target indicates a potential upside of 134.19% from the company's current price.

A number of other equities analysts have also commented on the company. Shore Capital Group reissued a "buy" rating and issued a GBX 988 price objective on shares of Entain in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Entain from GBX 914 to GBX 872 and set a "buy" rating for the company in a research note on Wednesday, September 30th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,145 price target on shares of Entain in a report on Monday, September 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an "overweight" rating in a research report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 986.43.

Entain Trading Up 0.0%

ENT stock opened at GBX 427 on Monday. The business has a fifty day moving average price of GBX 498.86 and a 200 day moving average price of GBX 537.78. Entain has a fifty-two week low of GBX 405.41 and a fifty-two week high of GBX 878.40. The stock has a market capitalization of £2.73 billion, a price-to-earnings ratio of -4.72, a P/E/G ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74.

Insiders Place Their Bets

In other news, insider Michael Snape acquired 51,815 shares of Entain stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average price of GBX 482 per share, with a total value of £249,748.30. 7.42% of the stock is 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.

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