Entain (LON:ENT) Earns “Buy” Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Entain (LON:ENT) in a research report report published on Wednesday morning, Marketbeat.com reports.

Other analysts have also issued research reports about the stock. Barclays lowered shares of Entain to an equal weight rating and cut their target price for the company from GBX 1,120 ($13.94) to GBX 1,070 ($13.32) in a research report on Tuesday, February 6th. Berenberg Bank dropped their price target on Entain from GBX 1,310 ($16.31) to GBX 1,140 ($14.19) and set a buy rating for the company in a research note on Friday, March 22nd. Finally, Jefferies Financial Group restated a buy rating and set a GBX 1,140 ($14.19) price objective on shares of Entain in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of GBX 1,143.17 ($14.23).

Entain Trading Up 1.6 %

ENT opened at GBX 837.40 ($10.42) on Wednesday. The company has a market cap of £5.35 billion, a P/E ratio of -593.90, a PEG ratio of 0.92 and a beta of 1.29. The company has a current ratio of 0.56, a quick ratio of 0.74 and a debt-to-equity ratio of 134.33. The company’s 50 day moving average is GBX 834.98 and its 200-day moving average is GBX 894.50. Entain has a 1-year low of GBX 718.20 ($8.94) and a 1-year high of GBX 1,516.50 ($18.88).

Entain Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 14th will be paid a GBX 8.90 ($0.11) dividend. This represents a dividend yield of 1.07%. The ex-dividend date is Thursday, March 14th. Entain’s dividend payout ratio is currently -1,276.60%.

Insider Activity

In other news, insider Stella David bought 65,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of GBX 736 ($9.16) per share, for a total transaction of £478,400 ($595,543.38). Insiders own 0.19% of the company’s stock.

Entain Company Profile

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.