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

Entain (LON:ENT)‘s stock had its “buy” rating restated by equities researchers at Shore Capital Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 988 price target on the stock. Shore Capital Group’s target price indicates a potential upside of 73.54% from the stock’s current price.

Other analysts have also issued research reports about the stock. Berenberg Bank lowered their price objective on shares of Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating for the company in a research note on Friday, July 31st. Peel Hunt reissued a “buy” rating and set a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price target on shares of Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a report on Friday, July 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entain from GBX 1,028 to GBX 950 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 994.

Entain Price Performance

Shares of ENT opened at GBX 569.33 on Tuesday. Entain has a 52-week low of GBX 500.40 and a 52-week high of GBX 915.60. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52. The business’s 50 day moving average price is GBX 557.64 and its two-hundred day moving average price is GBX 566.74. The firm has a market cap of £3.64 billion, a PE ratio of -5.46, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77.

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.