Entain Plc (LON:ENT) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Entain has an average “Buy” rating from all seven covering analysts, with an average 12-month price target of GBX 994.
• Recent analyst targets remain broadly positive, though several firms lowered their objectives; targets range from GBX 750 at Peel Hunt to GBX 1,145 at Berenberg.
• Entain shares opened at GBX 539.40, near the lower end of their 12-month range of GBX 500.40 to GBX 967.20, while the company had a market capitalization of approximately £3.45 billion.

Entain Plc (LON:ENT - Get Free Report) has received an average rating of "Buy" from the seven ratings firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 994.

A number of analysts have recently weighed in on ENT shares. Peel Hunt reiterated a "buy" rating and set a GBX 750 target price on shares of Entain in a report on Wednesday, April 15th. Jefferies Financial Group restated a "buy" rating and set a GBX 1,000 price target on shares of Entain in a report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their price target on Entain from GBX 1,040 to GBX 1,025 and set an "overweight" rating for the company in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Entain from GBX 1,028 to GBX 950 and set a "buy" rating for the company in a report on Wednesday, July 29th. Finally, Berenberg Bank cut their price objective on Entain from GBX 1,200 to GBX 1,145 and set a "buy" rating on the stock in a research report on Friday, July 31st.

Entain Price Performance

ENT stock opened at GBX 539.40 on Tuesday. The firm's 50-day moving average price is GBX 557.99 and its two-hundred day moving average price is GBX 568.56. Entain has a 12-month low of GBX 500.40 and a 12-month high of GBX 967.20. The stock has a market capitalization of £3.45 billion, a price-to-earnings ratio of -5.17, a PEG ratio of 0.92 and a beta of 0.77. The company has a current ratio of 0.52, a quick ratio of 0.74 and a debt-to-equity ratio of 448.61.

Entain Company Profile

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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