Entain (LON:ENT) Stock Keeps Buy Rating at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Entain (LON:ENT) in a research note issued to investors on Monday morning,Digital Look reports. They currently have a GBX 1,000 target price on the stock.

A number of other research firms have also commented on ENT. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,145 price objective on shares of Entain in a research note on Monday, September 14th. JPMorgan Chase & Co. upped their target price on Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a report on Monday, August 17th. Shore Capital Group reissued a “buy” rating and set a GBX 988 target price on shares of Entain in a research report on Friday, September 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 986.43.

Entain Trading Down 0.3%

LON ENT opened at GBX 425.80 on Monday. The firm has a market capitalization of £2.73 billion, a PE ratio of -4.70, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The business’s 50-day moving average price is GBX 496.42 and its two-hundred day moving average price is GBX 536.65. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51. Entain has a 12 month low of GBX 405.41 and a 12 month high of GBX 878.40.

Insider Buying and Selling

In related news, insider Michael Snape purchased 24,013 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average cost of GBX 416 per share, with a total value of £99,894.08. 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.