Deutsche Bank Aktiengesellschaft Cuts Entain (LON:ENT) Price Target to GBX 1,029

Entain (LON:ENT) had its price target lowered by Deutsche Bank Aktiengesellschaft from GBX 1,158 to GBX 1,029 in a research report sent to investors on Friday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently commented on ENT. Citigroup decreased their price target on shares of Entain from GBX 1,300 to GBX 1,150 and set a “buy” rating for the company in a report on Thursday, November 27th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,100 price target on shares of Entain in a research note on Wednesday, October 15th. Shore Capital reiterated a “buy” rating on shares of Entain in a report on Wednesday, October 15th. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 target price on shares of Entain in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised Entain to an “overweight” rating and cut their price target for the stock from GBX 1,150 to GBX 1,090 in a research note on Tuesday, December 2nd. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Entain presently has a consensus rating of “Buy” and a consensus price target of GBX 1,113.80.

Entain Stock Down 1.0%

Shares of Entain stock opened at GBX 670.69 on Friday. Entain has a 1 year low of GBX 452.50 and a 1 year high of GBX 1,031.50. The company has a market cap of £4.29 billion, a P/E ratio of -7.81, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The stock has a 50-day moving average price of GBX 743.06 and a 200 day moving average price of GBX 827.92.

Insider Activity at Entain

In related news, insider Ricky Sandler acquired 621,384 shares of the stock in a transaction dated Friday, January 2nd. The shares were acquired at an average price of GBX 767 per share, with a total value of £4,766,015.28. Corporate insiders own 7.36% 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.