Entain (LON:ENT) Receives "Buy" Rating from Shore Capital

Key Points

• Shore Capital has reiterated a "buy" rating on Entain (ENT), reflecting confidence in the company's stock potential.
• Several analysts, including JPMorgan Chase & Co. and Citigroup, have increased their price targets for Entain, with estimates ranging from GBX 1,040 ($13.97) to GBX 1,300 ($17.46).
• Insider Ricky Sandler sold over 3 million shares of Entain at an average price of GBX 751 ($10.09), indicating significant insider activity.

Shore Capital reiterated their buy rating on shares of Entain (LON:ENT - Free Report) in a report published on Tuesday morning, MarketBeat Ratings reports.

A number of other research firms have also weighed in on ENT. Citigroup upped their target price on shares of Entain from GBX 1,250 ($16.91) to GBX 1,300 ($17.59) and gave the stock a "buy" rating in a report on Thursday, July 24th. Peel Hunt reaffirmed a "buy" rating and set a GBX 1,100 ($14.88) target price on shares of Entain in a report on Tuesday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Entain from GBX 940 ($12.72) to GBX 1,040 ($14.07) and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,100 ($14.88) target price on shares of Entain in a report on Monday, June 30th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Entain has an average rating of "Moderate Buy" and an average target price of GBX 1,150 ($15.56).

Entain Stock Performance

Shares of LON ENT traded down GBX 0.20 ($0.00) during midday trading on Tuesday, hitting GBX 886.80 ($12.00). The company's stock had a trading volume of 1,166,979 shares, compared to its average volume of 4,941,401. The stock has a fifty day moving average price of GBX 912.13 and a 200 day moving average price of GBX 755.04. Entain has a one year low of GBX 452.50 ($6.12) and a one year high of GBX 1,031.50 ($13.96). The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The firm has a market capitalization of £5.69 billion, a price-to-earnings ratio of -12.09, a P/E/G ratio of 0.92 and a beta of 1.19.

Insider Buying and Selling

In other Entain news, insider Ricky Sandler sold 3,242,667 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of GBX 751 ($10.16), for a total value of £24,352,429.17 ($32,948,760.88). 0.26% of the stock is currently owned by corporate insiders.

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.