Entain Plc (LON:ENT) Receives Consensus Recommendation of “Buy” from Analysts

Entain Plc (LON:ENT) has been given an average rating of “Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 992.43.

A number of equities research analysts have issued reports on ENT shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 target price on shares of Entain in a report on Thursday, August 13th. Shore Capital Group restated a “buy” rating and issued a GBX 988 price target on shares of Entain in a research note on Tuesday, August 11th. Berenberg Bank cut their price objective on Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted 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. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Entain from GBX 950 to GBX 914 and set a “buy” rating on the stock in a research report on Monday, August 17th.

Entain Stock Up 0.4%

Shares of LON:ENT opened at GBX 528.02 on Friday. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The firm has a market capitalization of £3.38 billion, a PE ratio of -5.06, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The firm’s 50-day moving average is GBX 543.84 and its two-hundred day moving average is GBX 556.53. Entain has a 1 year low of GBX 500.40 and a 1 year high of GBX 915.60.

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.