Entain’s (ENT) “Buy” Rating Reiterated at Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 1,000 target price on the stock. Jefferies Financial Group‘s target price points to a potential upside of 114.94% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Berenberg Bank restated a “buy” rating and set a GBX 1,000 target price on shares of Entain in a research report on Thursday. JPMorgan Chase & Co. lifted their target price 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. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 988 target price on shares of Entain in a research report on Friday, September 18th. Seven research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 965.71.

Entain Price Performance

ENT stock opened at GBX 465.24 on Thursday. Entain has a 1 year low of GBX 405.41 and a 1 year high of GBX 805.40. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. The stock’s 50 day moving average price is GBX 472.72 and its 200 day moving average price is GBX 549.93. The firm has a market cap of £2.98 billion, a P/E ratio of -5.14, a PEG ratio of 0.92 and a beta of 0.76.

Insider Transactions at Entain

In other Entain news, insider Michael Snape acquired 24,013 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was bought at an average cost of GBX 416 per share, for a total transaction of £99,894.08. 7.42% of the stock is currently owned by corporate insiders.

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.