Entain (LON:ENT) Price Target Raised to GBX 1,050

Entain (LON:ENT) had its target price lifted by JPMorgan Chase & Co. from GBX 1,025 to GBX 1,050 in a report issued on Monday, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

Several other analysts also recently weighed in on ENT. Berenberg Bank reduced their target price on Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating for the company in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 price target on shares of Entain in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on Entain from GBX 1,028 to GBX 950 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 988 price objective on shares of Entain in a report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 992.43.

Entain Stock Performance

LON ENT opened at GBX 535.60 on Monday. The company has a fifty day moving average of GBX 555.31 and a two-hundred day moving average of GBX 563.17. The company has a market capitalization of £3.43 billion, a PE ratio of -5.14, a P/E/G ratio of 0.92 and a beta of 0.76. Entain has a 1 year low of GBX 500.40 and a 1 year high of GBX 915.60. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74.

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.