Entain Plc (LON:ENT) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Consensus "Buy": Six brokerages rate Entain as a Buy with an average 12-month price target of GBX 1,109.
• Shares were trading up about 6.8%, opening at GBX 604.40, with a market cap of £3.87 billion and a 52-week range of GBX 497.20–1,031.50; the stock shows a negative PE (-5.79) and a very high debt-to-equity ratio (448.61).
• Recent analyst moves include Citigroup trimming its target to GBX 1,100, Berenberg reissuing a GBX 1,200 target, and Deutsche Bank raising its target to GBX 1,055, while all maintained "buy" ratings.

Entain Plc (LON:ENT - Get Free Report) has been given an average recommendation of "Buy" by the six brokerages that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,109.

ENT has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of Entain from GBX 1,150 to GBX 1,100 and set a "buy" rating for the company in a research report on Tuesday, March 10th. Shore Capital Group reissued a "buy" rating on shares of Entain in a research report on Thursday, March 5th. Berenberg Bank reissued a "buy" rating and issued a GBX 1,200 target price on shares of Entain in a research report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Entain from GBX 1,029 to GBX 1,055 and gave the company a "buy" rating in a research report on Tuesday, March 24th.

Entain Trading Up 6.8%

Shares of Entain stock opened at GBX 604.40 on Wednesday. The firm has a 50-day moving average of GBX 578.50 and a 200-day moving average of GBX 704.18. The stock has a market cap of £3.87 billion, a PE ratio of -5.79, a PEG ratio of 0.92 and a beta of 0.90. Entain has a 52-week low of GBX 497.20 and a 52-week high of GBX 1,031.50. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52.

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. 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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