Citigroup Cuts Entain (LON:ENT) Price Target to GBX 1,300

Key Points

• Citigroup has reduced the price target for Entain from GBX 1,350 to GBX 1,300 while maintaining a "buy" rating, indicating a potential upside of 58.96% from the current stock price.
• Other analysts have also expressed positive sentiments, with multiple firms reaffirming "buy" ratings and setting targets ranging from GBX 1,100 to GBX 1,400.
• Entain's stock saw a 4.0% increase, closing at GBX 817.80, while the company has a market cap of £5.23 billion and recent insider trading activity included the sale of over one million shares.

Entain (LON:ENT - Get Free Report) had its price objective lowered by equities researchers at Citigroup from GBX 1,350 to GBX 1,300 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price points to a potential upside of 58.96% from the company's previous close.

Several other equities research analysts also recently weighed in on the stock. Shore Capital reissued a "buy" rating on shares of Entain in a research report on Wednesday, October 15th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,400 target price on shares of Entain in a report on Monday. Peel Hunt reaffirmed a "buy" rating and set a GBX 1,100 target price on shares of Entain in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. upped their target price on Entain from GBX 1,110 to GBX 1,150 and gave the company a "neutral" rating in a report on Thursday, October 16th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Entain has an average rating of "Moderate Buy" and a consensus target price of GBX 1,218.

Entain Stock Up 4.0%

Entain stock traded up GBX 31.60 during midday trading on Wednesday, hitting GBX 817.80. 6,079,443 shares of the stock were exchanged, compared to its average volume of 4,859,689. Entain has a 1 year low of GBX 452.50 and a 1 year high of GBX 1,031.50. The firm has a market cap of £5.23 billion, a P/E ratio of -9.52, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74. The company has a 50 day moving average price of GBX 862.02 and a two-hundred day moving average price of GBX 814.05.

Insider Activity

In other news, insider Ricky Sandler sold 1,059,998 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of GBX 872, for a total transaction of £9,243,182.56. 7.36% of the stock is owned by corporate 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.

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