Entain Plc (LON:ENT) Receives Average Rating of “Buy” from Brokerages

Entain Plc (LON:ENT) has been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 992.43.

A number of brokerages have recently weighed in on ENT. Deutsche Bank Aktiengesellschaft dropped their price target on Entain from GBX 950 to GBX 914 and set a “buy” rating on the stock in a research note on Monday. Berenberg Bank lowered their target price 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. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 target price on shares of Entain in a research report on Thursday, August 13th. JPMorgan Chase & Co. upped their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research note on Monday. Finally, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 988 price target on shares of Entain in a report on Tuesday, August 11th.

Entain Stock Down 0.8%

Shares of ENT stock opened at GBX 552 on Tuesday. The stock’s fifty day moving average price is GBX 557.06 and its 200 day moving average price is GBX 564.34. Entain has a 1-year low of GBX 500.40 and a 1-year high of GBX 915.60. The company has a market cap of £3.53 billion, a price-to-earnings ratio of -5.29, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74.

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.