Entain (LON:ENT) Given New GBX 1,200 Price Target at Berenberg Bank

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Entain (LON:ENT - Get Free Report) had its price target lifted by Berenberg Bank from GBX 1,100 ($14.86) to GBX 1,200 ($16.21) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 36.36% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their price target on Entain from GBX 1,040 ($14.05) to GBX 1,110 ($14.99) and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Shore Capital reissued a "buy" rating on shares of Entain in a research report on Tuesday, August 12th. Peel Hunt restated a "buy" rating and issued a GBX 1,100 ($14.86) price objective on shares of Entain in a report on Tuesday, July 29th. Finally, Citigroup raised their target price on shares of Entain from GBX 1,250 ($16.89) to GBX 1,300 ($17.56) and gave the stock a "buy" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,170 ($15.80).

Entain Stock Performance

Shares of LON:ENT opened at GBX 880 ($11.89) on Monday. Entain has a fifty-two week low of GBX 452.50 ($6.11) and a fifty-two week high of GBX 1,031.50 ($13.93). The company has a market capitalization of £5.65 billion, a price-to-earnings ratio of -12.00, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74. The firm's 50 day simple moving average is GBX 917.69 and its 200 day simple moving average is GBX 758.34.

Insiders Place Their Bets

In other Entain news, insider Ricky Sandler sold 1,606,144 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of GBX 918 ($12.40), for a total transaction of £14,744,401.92 ($19,916,793.08). 0.26% of the stock is owned by insiders.

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.