Entain (LON:ENT) Receives Buy Rating from 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 reaffirmed by Shore Capital in a report released on Tuesday, Marketbeat reports.

ENT has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price target on shares of Entain from GBX 940 ($12.48) to GBX 1,040 ($13.80) and gave the company a "neutral" rating in a research note on Thursday, July 10th. Citigroup lifted their price target on shares of Entain from GBX 1,250 ($16.59) to GBX 1,300 ($17.26) and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,100 ($14.60) price target on shares of Entain in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Entain currently has an average rating of "Moderate Buy" and an average price target of GBX 1,136 ($15.08).

Entain Trading Down 2.1%

Shares of LON ENT traded down GBX 21.31 ($0.28) during midday trading on Tuesday, reaching GBX 1,000.69 ($13.28). 263,747,688 shares of the stock were exchanged, compared to its average volume of 6,927,316. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74. Entain has a 12 month low of GBX 452.50 ($6.01) and a 12 month high of GBX 1,031.50 ($13.69). The business has a 50-day simple moving average of GBX 874.50 and a two-hundred day simple moving average of GBX 737.28. The company has a market capitalization of £6.42 billion, a price-to-earnings ratio of -13.64, a P/E/G ratio of 0.92 and a beta of 1.19.

Insider Buying and Selling

In related news, insider Ricky Sandler sold 3,242,667 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of GBX 751 ($9.97), for a total transaction of £24,352,429.17 ($32,323,372.94). 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.