Insider Buying: Entain (LON:ENT) Insider Buys £249,748.30 in Stock

Key Points

• Entain insider Michael Snape purchased 51,815 shares at GBX 482 each, for a total investment of approximately £249,748.
• Entain shares fell 0.4% to GBX 474.80, near the company’s 12-month low of GBX 459.40, with trading volume substantially above average.
• Analysts remain optimistic, with seven Buy ratings and a consensus price target of GBX 992.43—more than double the reported share price.

Entain Plc (LON:ENT - Get Free Report) insider Michael Snape purchased 51,815 shares of the business's stock in a transaction dated Friday, September 18th. The shares were purchased at an average cost of GBX 482 per share, for a total transaction of £249,748.30.

Entain Trading Down 0.4%

Shares of Entain stock traded down GBX 1.90 on Monday, hitting GBX 474.80. The stock had a trading volume of 150,335,453 shares, compared to its average volume of 23,298,916. The stock has a 50 day moving average of GBX 535.38 and a 200 day moving average of GBX 551.18. The firm has a market capitalization of £3.04 billion, a P/E ratio of -5.25, a PEG ratio of 0.92 and a beta of 0.76. Entain Plc has a twelve month low of GBX 459.40 and a twelve month high of GBX 915.60. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Berenberg Bank reissued a "buy" rating and issued a GBX 1,145 price objective on shares of Entain in a research note on Monday, September 14th. Shore Capital Group reiterated a "buy" rating and issued a GBX 988 price target on shares of Entain in a research report on Friday. JPMorgan Chase & Co. increased their price target on Entain from GBX 1,025 to GBX 1,050 and gave the company an "overweight" rating in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on Entain from GBX 950 to GBX 914 and set a "buy" rating for the company in a research report on Monday, August 17th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,000 price objective on shares of Entain in a research note on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Entain currently has an average rating of "Buy" and a consensus target price of GBX 992.43.

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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