Entain (LON:ENT) Stock Gets Price Target Reduction from Berenberg Bank

Entain (LON:ENT) had its price target decreased by Berenberg Bank from GBX 1,090 to GBX 1,080 in a research note released on Tuesday morning, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

ENT has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Shore Capital Group reiterated a “buy” rating and issued a GBX 988 target price on shares of Entain in a research note on Friday, September 18th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Seven investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 977.14.

Entain Stock Down 1.5%

Shares of Entain stock opened at GBX 490.20 on Tuesday. The firm has a market cap of £3.14 billion, a price-to-earnings ratio of -5.42, a P/E/G 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 has a 52-week low of GBX 405.41 and a 52-week high of GBX 801. The stock has a 50-day simple moving average of GBX 464.98 and a 200-day simple moving average of GBX 542.21.

Insiders Place Their Bets

In related news, insider Michael Snape bought 24,013 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average price of GBX 416 per share, with a total value of £99,894.08. Company insiders own 7.42% of the company’s stock.

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.