Entain (LON:ENT) Given New GBX 1,110 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Entain from GBX 1,040 to GBX 1,110, indicating a potential upside of 24.02% from the stock's last close.
• Entain's stock has seen mixed ratings from analysts, with one hold rating and five buy ratings, leading to a consensus rating of "Moderate Buy" and an average price target of GBX 1,150.
• Despite the favorable ratings, Entain's shares recently traded down 2.5% to GBX 895, highlighting market volatility amidst changing analyst sentiments.

Entain (LON:ENT - Get Free Report) had its price target upped by analysts at JPMorgan Chase & Co. from GBX 1,040 ($14.04) to GBX 1,110 ($14.99) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 24.02% from the stock's previous close.

A number of other brokerages have also commented on ENT. Berenberg Bank reissued a "buy" rating and issued a GBX 1,100 ($14.85) price objective on shares of Entain in a research report on Monday, June 30th. Shore Capital reaffirmed a "buy" rating on shares of Entain in a research report on Tuesday. Peel Hunt reaffirmed a "buy" rating and set a GBX 1,100 ($14.85) price target on shares of Entain in a research report on Tuesday, July 29th. Finally, Citigroup upped their price target on shares of Entain from GBX 1,250 ($16.88) to GBX 1,300 ($17.55) and gave the stock a "buy" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Entain currently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,150 ($15.53).

Entain Stock Down 2.5%

Shares of ENT stock traded down GBX 23 ($0.31) during trading on Wednesday, reaching GBX 895 ($12.08). The company's stock had a trading volume of 1,135,355 shares, compared to its average volume of 4,989,643. The business has a fifty day moving average price of GBX 906.31 and a 200-day moving average price of GBX 752.65. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 188.61. The company has a market cap of £5.75 billion, a price-to-earnings ratio of -12.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. Entain has a one year low of GBX 452.50 ($6.11) and a one year high of GBX 1,031.50 ($13.93).

Insider Activity at Entain

In related news, insider Ricky Sandler sold 3,242,667 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of GBX 751 ($10.14), for a total value of £24,352,429.17 ($32,877,587.65). Company insiders own 0.26% 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.

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