Peel Hunt Reaffirms "Buy" Rating for Entain (LON:ENT)

Key Points

• Entain's stock received a **"buy" rating** from Peel Hunt, with a target price of **GBX 1,100 ($14.70)**, indicating a potential upside of **7.84%** from its current price.
• The company has an average rating of **"Moderate Buy"** from analysts, with a consensus price target of **GBX 1,136 ($15.18)**, while a total of **five brokers** have issued buy ratings.
• Insider Ricky Sandler sold over **3.24 million shares**, bringing total insider sales to approximately **£24.35 million ($32.53 million)** in the last ninety days, with insiders owning only **0.26%** of the company's stock.

Peel Hunt reiterated their buy rating on shares of Entain (LON:ENT - Free Report) in a report released on Tuesday morning, Marketbeat.com reports. They currently have a GBX 1,100 ($14.60) target price on the stock.

Several other research firms also recently commented on ENT. Citigroup upped their price target on shares of Entain from GBX 1,250 ($16.59) to GBX 1,300 ($17.26) and gave the company a "buy" rating in a research note on Thursday, July 24th. Shore Capital restated a "buy" rating on shares of Entain in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Entain from GBX 940 ($12.48) to GBX 1,040 ($13.80) and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 1,100 ($14.60) price objective on shares of Entain in a research note on Monday, June 30th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,136 ($15.08).

Entain Stock Performance

Shares of LON:ENT traded down GBX 21.31 ($0.28) on Tuesday, hitting GBX 1,000.69 ($13.28). The company had a trading volume of 263,747,688 shares, compared to its average volume of 6,927,316. Entain has a 1-year low of GBX 452.50 ($6.01) and a 1-year high of GBX 1,031.50 ($13.69). The stock has a market cap of £6.42 billion, a price-to-earnings ratio of -13.64, a P/E/G ratio of 0.92 and a beta of 1.19. The stock has a 50 day moving average price of GBX 874.50 and a 200 day moving average price of GBX 737.28. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61.

Insider Activity

In other news, insider Ricky Sandler sold 1,606,144 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of GBX 918 ($12.18), for a total value of £14,744,401.92 ($19,570,483.04). Corporate insiders own 0.26% 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.