Entain (LON:ENT) Price Target Raised to GBX 1,400

Key Points

• Berenberg Bank has increased its price target for Entain (LON:ENT) from GBX 1,200 to GBX 1,400, indicating a potential upside of 62.49%.
• Several other analysts have also given positive ratings, with five analysts rating the stock as a "Buy" and one as "Hold," leading to a consensus rating of "Moderate Buy."
• Despite the positive forecast, Entain's stock is currently down 0.4%, trading at GBX 861.60 during market hours.

Entain (LON:ENT - Free Report) had its price objective hoisted by Berenberg Bank from GBX 1,200 to GBX 1,400 in a report issued on Monday, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

ENT has been the subject of a number of other research reports. Citigroup boosted their price objective on Entain from GBX 1,250 to GBX 1,300 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on Entain from GBX 1,040 to GBX 1,110 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Peel Hunt restated a "buy" rating and set a GBX 1,100 price objective on shares of Entain in a report on Tuesday, July 29th. Finally, Shore Capital restated a "buy" rating on shares of Entain in a report on Tuesday, August 12th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,210.

Entain Stock Performance

Entain stock traded down GBX 10.40 during midday trading on Monday, reaching GBX 866. 3,114,699 shares of the company's stock were exchanged, compared to its average volume of 5,250,745. Entain has a 52 week low of GBX 452.50 and a 52 week high of GBX 1,031.50. The firm has a market cap of £5.54 billion, a price-to-earnings ratio of -1,008.15, a P/E/G ratio of 0.92 and a beta of 1.19. The stock's 50-day simple moving average is GBX 918.78 and its 200 day simple moving average is GBX 781.04. The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82.

Insider Activity

In other news, insider Ricky Sandler sold 1,059,998 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of GBX 872, for a total transaction of £9,243,182.56. Company insiders own 7.36% of the company's stock.

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.