Entain (LON:ENT) Given Buy Rating at Peel Hunt

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 reissued their buy rating on shares of Entain (LON:ENT - Free Report) in a research report released on Tuesday morning, MarketBeat Ratings reports. Peel Hunt currently has a GBX 1,100 ($14.58) price target on the stock.

ENT has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on shares of Entain from GBX 940 ($12.46) to GBX 1,040 ($13.79) and gave the stock a "neutral" rating in a report on Thursday, July 10th. Shore Capital reiterated a "buy" rating on shares of Entain in a report on Tuesday. Citigroup raised their target price on shares of Entain from GBX 1,250 ($16.57) to GBX 1,300 ($17.24) and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,100 ($14.58) target price on shares of Entain in a report on Monday, June 30th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 1,136 ($15.06).

Entain Price Performance

Shares of LON:ENT traded up GBX 16.76 ($0.22) during trading hours on Tuesday, hitting GBX 1,020.26 ($13.53). 1,227,870 shares of the company's stock traded hands, compared to its average volume of 5,205,895. Entain has a 52 week low of GBX 452.50 ($6.00) and a 52 week high of GBX 1,031.50 ($13.68). The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82. The company's fifty day simple moving average is GBX 863.51 and its two-hundred day simple moving average is GBX 732.13. The company has a market cap of £6.55 billion, a price-to-earnings ratio of -13.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

Insider Activity

In other news, insider Ricky Sandler sold 1,606,144 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of GBX 918 ($12.17), for a total value of £14,744,401.92 ($19,549,724.11). Insiders have sold 6,510,311 shares of company stock valued at $4,969,720,109 over the last ninety days. 0.26% 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.