Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Entain (LON:ENT) Stock Price

Entain (LON:ENT) had its target price reduced by Deutsche Bank Aktiengesellschaft from GBX 914 to GBX 872 in a report released on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 112.17% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price target on shares of Entain in a research report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective 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, August 17th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 988 price objective on shares of Entain in a report on Friday, September 18th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,145 price objective on shares of Entain in a research note on Monday, September 14th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 986.43.

Entain Trading Down 1.5%

Entain stock opened at GBX 411 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.01 and a debt-to-equity ratio of 497.51. Entain has a 52 week low of GBX 411 and a 52 week high of GBX 884.60. The company has a market capitalization of £2.63 billion, a price-to-earnings ratio of -4.54, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The stock has a 50-day moving average price of GBX 515.39 and a 200 day moving average price of GBX 543.21.

Insiders Place Their Bets

In related news, insider Michael Snape purchased 51,815 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was bought at an average cost of GBX 482 per share, with a total value of £249,748.30. Corporate insiders own 7.42% of the company’s stock.

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.