Entain's (ENT) Buy Rating Reaffirmed at Shore Capital

Key Points

• Entain's stock received a "buy" rating from Shore Capital, maintaining a positive outlook on the company's performance.
• Other analysts, including Berenberg Bank and Citigroup, have also reiterated buy ratings, with price targets ranging from GBX 1,100 to GBX 1,300.
• Insider selling has been significant, with one insider selling over 3 million shares, while insiders collectively sold approximately 6.5 million shares in the last three months.

Entain (LON:ENT - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Shore Capital in a note issued to investors on Tuesday, Marketbeat reports.

A number of other research firms have also weighed in on ENT. Citigroup boosted their price objective on shares of Entain from GBX 1,250 ($16.57) to GBX 1,300 ($17.24) and gave the company a "buy" rating in a research report on Thursday, July 24th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,100 ($14.58) price objective on shares of Entain in a research note on Monday, June 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Entain from GBX 940 ($12.46) to GBX 1,040 ($13.79) and gave the company a "neutral" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,136 ($15.06).

Entain Price Performance

ENT stock traded up GBX 16.76 ($0.22) during trading on Tuesday, reaching GBX 1,020.26 ($13.53). 1,227,870 shares of the company were exchanged, compared to its average volume of 5,205,895. The company has a market cap of £6.55 billion, a P/E ratio of -13.91, a PEG ratio of 0.92 and a beta of 1.19. Entain has a 52-week low of GBX 452.50 ($6.00) and a 52-week high of GBX 1,031.50 ($13.68). The stock's 50 day moving average price is GBX 863.51 and its 200 day moving average price is GBX 732.13. 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 related news, insider Ricky Sandler sold 1,606,144 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of GBX 918 ($12.17), for a total transaction of £14,744,401.92 ($19,549,724.11). Over the last ninety days, insiders have sold 6,510,311 shares of company stock worth $4,969,720,109. 0.26% of the stock is owned by corporate 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.