Entain (LON:ENT) Given Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Buy” rating on Entain and maintained a GBX 1,000 price target, implying approximately 77% upside from the current share price.
• Analyst sentiment remains positive: seven analysts rate Entain a Buy, with a consensus rating of “Buy” and an average target price of GBX 994.
• Entain shares opened at GBX 564.60, near their 12-month low of GBX 500.40 and well below the 12-month high of GBX 915.60; the company has a £3.61 billion market capitalization and significant leverage, reflected in a debt-to-equity ratio of 448.61.

Entain (LON:ENT - Get Free Report)'s stock had its "buy" rating reissued by Jefferies Financial Group in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 1,000 price objective on the stock. Jefferies Financial Group's price target suggests a potential upside of 77.12% from the company's current price.

Several other research analysts have also recently weighed in on ENT. Peel Hunt reaffirmed a "buy" rating and set a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th. Shore Capital Group reiterated a "buy" rating and issued a GBX 988 price target on shares of Entain in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Entain from GBX 1,028 to GBX 950 and set a "buy" rating for the company in a report on Wednesday, July 29th. Berenberg Bank reduced their price objective on shares of Entain from GBX 1,200 to GBX 1,145 and set a "buy" rating for the company in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Entain from GBX 1,040 to GBX 1,025 and set an "overweight" rating on the stock in a research note on Friday, July 3rd. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 994.

Entain Price Performance

LON ENT opened at GBX 564.60 on Thursday. Entain has a 12 month low of GBX 500.40 and a 12 month high of GBX 915.60. The company has a debt-to-equity ratio of 448.61, a current ratio of 0.52 and a quick ratio of 0.74. The firm has a market capitalization of £3.61 billion, a PE ratio of -5.41, a P/E/G ratio of 0.92 and a beta of 0.77. The company's 50 day simple moving average is GBX 557.64 and its 200 day simple moving average is GBX 566.74.

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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