Entain's (ENT) "Buy" Rating Reiterated at Berenberg Bank

Key Points

• Investment analysts at Berenberg Bank have reiterated a "buy" rating for Entain (LON:ENT), setting a target price of GBX 1,400, which indicates a potential upside of 67.37%.
• Entain shares have seen a slight increase of 1.2%, trading at GBX 836.47, on a day where over 6 million shares were exchanged.
• Insider activity was noted as Ricky Sandler sold nearly 1.1 million shares at an average price of GBX 872, totaling over £9 million.

Entain (LON:ENT - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Berenberg Bank in a report released on Wednesday,London Stock Exchange reports. They presently have a GBX 1,400 target price on the stock. Berenberg Bank's price objective suggests a potential upside of 67.37% from the company's current price.

A number of other equities research analysts have also recently commented on ENT. JPMorgan Chase & Co. upped their target price on shares of Entain from GBX 1,040 to GBX 1,110 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Citigroup raised their target price on shares of Entain from GBX 1,250 to GBX 1,300 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Shore Capital reiterated a "buy" rating on shares of Entain in a report on Tuesday, August 12th. Finally, Peel Hunt reaffirmed a "buy" rating and set a GBX 1,100 price target on shares of Entain in a research note on Tuesday, July 29th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 1,210.

Entain Stock Up 1.2%

Shares of Entain stock traded up GBX 10.07 during trading hours on Wednesday, reaching GBX 836.47. 6,483,254 shares of the company were exchanged, compared to its average volume of 4,991,560. The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82. The stock's fifty day moving average is GBX 891.04 and its 200 day moving average is GBX 798.83. The firm has a market cap of £5.35 billion, a PE ratio of -973.77, a PEG ratio of 0.92 and a beta of 1.19. Entain has a 1 year low of GBX 452.50 and a 1 year high of GBX 1,031.50.

Insider Buying and Selling at Entain

In related news, insider Ricky Sandler sold 1,059,998 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of GBX 872, for a total value of £9,243,182.56. Corporate insiders own 7.36% 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.

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