Entain (LON:ENT) Earns "Buy" Rating from Peel Hunt

Key Points

• Peel Hunt has reissued a "buy" rating for Entain, setting a target price of GBX 1,100, indicating a potential upside of 34.31% from the current stock price.
• Entain's stock is currently trading at GBX 819, down 2.4%, with an average consensus price target of GBX 1,210.
• Insider Ricky Sandler sold approximately 1.06 million shares of Entain at an average price of GBX 872, totaling over £9 million.

Entain (LON:ENT - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Peel Hunt in a report released on Wednesday,Digital Look reports. They presently have a GBX 1,100 target price on the stock. Peel Hunt's target price suggests a potential upside of 34.31% from the stock's current price.

A number of other brokerages have also issued reports on ENT. Shore Capital reiterated a "buy" rating on shares of Entain in a research report on Tuesday, August 12th. Citigroup boosted their price objective on shares of Entain from GBX 1,250 to GBX 1,300 and gave the company a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of Entain from GBX 1,040 to GBX 1,110 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 1,400 price target on shares of Entain in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Entain has an average rating of "Moderate Buy" and a consensus price target of GBX 1,210.

Entain Trading Down 2.4%

ENT traded down GBX 20.40 on Wednesday, reaching GBX 819. 2,452,419 shares of the company's stock were exchanged, compared to its average volume of 4,922,406. The company's 50 day moving average is GBX 876.68 and its 200-day moving average is GBX 805.19. The company has a market cap of £5.24 billion, a price-to-earnings ratio of -953.43, a PEG ratio of 0.92 and a beta of 1.19. Entain has a twelve month low of GBX 452.50 and a twelve month high of GBX 1,031.50. 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 Buying and Selling at Entain

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.