Entain (LON:ENT) Insider Buys £99,894.08 in Stock

Key Points

• Entain insider Michael Snape purchased 24,013 shares at GBX 416 each, totaling £99,894.08. This follows his acquisition of 51,815 shares worth £249,748.30 in September.
• Entain shares opened at GBX 417.20, up 1.5%, but remained near their one-year low of GBX 405.41 and below their 50-day and 200-day moving averages.
• Analysts maintained a positive outlook, with seven Buy ratings and an average price target of GBX 986.43, substantially above the current share price.

Entain Plc (LON:ENT - Get Free Report) insider Michael Snape purchased 24,013 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was acquired at an average cost of GBX 416 per share, for a total transaction of £99,894.08.

Michael Snape also recently made the following trade(s):

• On Friday, September 18th, Michael Snape acquired 51,815 shares of Entain stock. The stock was acquired at an average price of GBX 482 per share, with a total value of £249,748.30.

Entain Trading Up 1.5%

Shares of Entain stock opened at GBX 417.20 on Friday. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The stock's 50 day simple moving average is GBX 515.39 and its 200-day simple moving average is GBX 543.21. The stock has a market cap of £2.67 billion, a P/E ratio of -4.61, a P/E/G ratio of 0.92 and a beta of 0.76. Entain Plc has a 1-year low of GBX 405.41 and a 1-year high of GBX 879.80.

Analysts Set New Price Targets

ENT has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an "overweight" rating in a research note on Monday, August 17th. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,145 price objective on shares of Entain in a report on Monday, September 14th. Shore Capital Group reissued a "buy" rating and set a GBX 988 target price on shares of Entain in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Entain from GBX 914 to GBX 872 and set a "buy" rating for the company in a report on Wednesday. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,000 target price on shares of Entain in a research report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Entain has an average rating of "Buy" and an average price target of GBX 986.43.

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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