Entain (LON:ENT) Given Buy Rating at Berenberg Bank

Key Points

• Berenberg Bank has reiterated a "buy" rating for Entain, setting a target price of GBX 1,400, suggesting a potential upside of 72.58% from its current price.
• Entain's shares recently traded down 1.0% to GBX 811.20, with a significant trading volume of over 11 million shares.
• Insider Ricky Sandler sold over 1 million shares of Entain during a recent transaction, indicating notable insider activity within the company.

Entain (LON:ENT - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Berenberg Bank in a report released on Monday,London Stock Exchange reports. They presently have a GBX 1,400 target price on the stock. Berenberg Bank's price target would indicate a potential upside of 72.58% from the company's current price.

Several other analysts also recently issued reports on the stock. Shore Capital reissued a "buy" rating on shares of Entain in a research note on Wednesday, October 15th. JPMorgan Chase & Co. raised their price objective on shares of Entain from GBX 1,110 to GBX 1,150 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup raised their price objective on shares of Entain from GBX 1,250 to GBX 1,300 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Peel Hunt reissued a "buy" rating and issued a GBX 1,100 price objective on shares of Entain in a research note on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,218.

Entain Trading Down 1.0%

Shares of LON:ENT traded down GBX 8.18 during trading on Monday, reaching GBX 811.20. The company's stock had a trading volume of 11,882,172 shares, compared to its average volume of 4,922,616. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The stock has a market capitalization of £5.19 billion, a PE ratio of -9.44, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. Entain has a 12 month low of GBX 452.50 and a 12 month high of GBX 1,031.50. The firm's 50 day simple moving average is GBX 867.14 and its two-hundred day simple moving average is GBX 812.11.

Insider Activity at Entain

In other news, insider Ricky Sandler sold 1,059,998 shares of the firm'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. Company insiders own 7.36% 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.

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