Entain Plc (LON:ENT) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Entain Plc (LON:ENT) have earned an average rating of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 994.

Several analysts have commented on ENT shares. JPMorgan Chase & Co. lowered their price objective on shares of Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Entain from GBX 1,028 to GBX 950 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a research report on Tuesday, August 4th. Peel Hunt restated a “buy” rating and issued a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th. Finally, Shore Capital Group restated a “buy” rating and issued a GBX 988 target price on shares of Entain in a research note on Friday, June 26th.

Entain Trading Down 0.5%

Shares of ENT opened at GBX 539.40 on Tuesday. Entain has a 1-year low of GBX 500.40 and a 1-year high of GBX 967.20. The company has a current ratio of 0.52, a quick ratio of 0.74 and a debt-to-equity ratio of 448.61. The firm’s 50-day moving average price is GBX 557.99 and its 200-day moving average price is GBX 568.56. The firm has a market capitalization of £3.45 billion, a price-to-earnings ratio of -5.17, a PEG ratio of 0.92 and a beta of 0.77.

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.