Entain (LON:ENT) Earns Buy Rating from Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research report issued on Monday,London Stock Exchange reports. They currently have a GBX 1,000 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 79.21% from the company’s current price.

Several other brokerages have also recently issued reports on ENT. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price target on shares of Entain in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,028 price target on shares of Entain in a research report on Tuesday, June 2nd. Shore Capital Group restated a “buy” rating on shares of Entain in a research report on Thursday, April 16th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 750 price objective on shares of Entain in a report on Wednesday, April 15th. Finally, Citigroup lowered their price objective on Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,028.

Entain Stock Down 1.6%

ENT opened at GBX 558 on Monday. The business’s 50-day simple moving average is GBX 557.47 and its 200-day simple moving average is GBX 630.31. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52. Entain has a one year low of GBX 500.40 and a one year high of GBX 1,031.50. The stock has a market capitalization of £3.57 billion, a P/E ratio of -5.35, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76.

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.