Entain Plc (LON:ENT) Stock Has Average Price Target of GBX 978.57 According to Brokerages

Key Points

• Broker sentiment is positive: All seven covering analysts rate Entain “Buy,” with an average 12-month price target of GBX 978.57.
• Recent target revisions were mixed: JPMorgan raised its target to GBX 1,050, while Deutsche Bank and Berenberg lowered theirs to GBX 872 and GBX 1,090, respectively.
• Entain shares opened at GBX 450.40, near the lower end of their 52-week range, while insider Michael Snape purchased 24,013 shares worth nearly £100,000.

Shares of Entain Plc (LON:ENT - Get Free Report) have earned an average rating of "Buy" from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 978.57.

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target 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 issued a GBX 988 price objective on shares of Entain in a research report on Friday, September 18th. JPMorgan Chase & Co. raised their target price on Entain from GBX 1,025 to GBX 1,050 and gave the company an "overweight" rating in a research report on Monday, August 17th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 1,000 price target on shares of Entain in a report on Wednesday. Finally, Berenberg Bank lowered their price objective on shares of Entain from GBX 1,145 to GBX 1,090 and set a "buy" rating on the stock in a research report on Wednesday.

Entain Stock Down 0.4%

Entain stock opened at GBX 450.40 on Friday. Entain has a fifty-two week low of GBX 405.41 and a fifty-two week high of GBX 826.80. The stock has a market cap of £2.88 billion, a PE ratio of -4.98, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The firm's 50-day simple moving average is GBX 477.81 and its 200 day simple moving average is GBX 529.29. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01.

Insider Activity

In related news, insider Michael Snape purchased 24,013 shares of the stock in a transaction that occurred 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.

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