JPMorgan Chase & Co. Increases Entain (LON:ENT) Price Target to GBX 1,150

Key Points

• JPMorgan Chase & Co. raised the price target for Entain (LON:ENT) from GBX 1,110 to GBX 1,150, indicating a potential upside of 38.88% from the current price.
• The stock currently has a consensus rating of "Moderate Buy" with an average price target of GBX 1,218, supported by multiple analysts, including Citigroup and Berenberg Bank.
• Entain's shares traded around GBX 828 recently, reflecting a significant increase in trading activity, including a notable sale of over 1 million shares by insider Ricky Sandler.

Entain (LON:ENT - Get Free Report) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from GBX 1,110 to GBX 1,150 in a report issued on Thursday,Digital Look reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 38.88% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. Peel Hunt reaffirmed a "buy" rating and issued a GBX 1,100 price target on shares of Entain in a research report on Wednesday. Citigroup raised their price target on shares of Entain from GBX 1,250 to GBX 1,300 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Shore Capital restated a "buy" rating on shares of Entain in a report on Wednesday. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 1,400 target price on shares of Entain in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Entain currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,218.

Entain Price Performance

ENT stock traded up GBX 9.04 during mid-day trading on Thursday, hitting GBX 828.04. The company had a trading volume of 1,449,060 shares, compared to its average volume of 4,905,591. The company has a 50-day moving average price of GBX 872.89 and a 200 day moving average price of GBX 805.28. Entain has a 12-month low of GBX 452.50 and a 12-month high of GBX 1,031.50. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 188.61. The company has a market capitalization of £5.30 billion, a price-to-earnings ratio of -963.96, a P/E/G ratio of 0.92 and a beta of 1.19.

Insider Activity at Entain

In other 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. 7.36% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.