Entain’s (ENT) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Entain (LON:ENT) in a research note released on Tuesday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 1,200 price objective on the stock.

Other equities analysts also recently issued reports about the company. Citigroup lowered their target price on Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating on the stock in a research report on Thursday, November 27th. JPMorgan Chase & Co. raised Entain to an “overweight” rating and lowered their price objective for the company from GBX 1,150 to GBX 1,090 in a research report on Tuesday, December 2nd. Shore Capital reissued a “buy” rating on shares of Entain in a report on Wednesday, October 15th. Finally, Peel Hunt restated a “buy” rating and set a GBX 1,100 target price on shares of Entain in a research note on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 1,135.

Entain Trading Down 0.8%

Shares of ENT stock opened at GBX 677.40 on Tuesday. Entain has a 1 year low of GBX 452.50 and a 1 year high of GBX 1,031.50. The firm has a fifty day moving average price of GBX 743.62 and a 200-day moving average price of GBX 831.06. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74. The company has a market cap of £4.33 billion, a price-to-earnings ratio of -7.89, a PEG ratio of 0.92 and a beta of 1.19.

Insider Activity

In related news, insider Ricky Sandler bought 621,384 shares of the stock in a transaction dated Friday, January 2nd. The shares were purchased at an average price of GBX 767 per share, with a total value of £4,766,015.28. 7.36% of the stock is currently owned by insiders.

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.