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

Jefferies Financial Group reaffirmed their buy rating on shares of Entain (LON:ENT) in a research report report published on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 1,000 price target on the stock.

Several other research analysts have also weighed in on the stock. Shore Capital Group reissued a “buy” rating and set a GBX 988 price objective on shares of Entain in a research note on Friday, June 26th. Berenberg Bank lowered their target price on shares of Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Entain from GBX 1,028 to GBX 950 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Peel Hunt reissued a “buy” rating and set a GBX 750 price target on shares of Entain in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. decreased their price target 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. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, Entain presently has a consensus rating of “Buy” and a consensus target price of GBX 994.

Entain Stock Performance

Shares of ENT stock opened at GBX 557.20 on Thursday. The stock has a market cap of £3.57 billion, a PE ratio of -5.34, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. The stock has a 50-day moving average of GBX 556.99 and a 200-day moving average of GBX 565.80. The company has a debt-to-equity ratio of 448.61, a current ratio of 0.52 and a quick ratio of 0.74. Entain has a one year low of GBX 500.40 and a one year high of GBX 915.60.

More Entain News

Here are the key news stories impacting Entain this week:

• Positive Sentiment: First-half performance exceeded expectations. Entain reported momentum in online gaming revenue, narrowing losses and performance ahead of management forecasts. The World Cup helped drive betting activity and offset some of the impact from higher costs and taxes. Entain ahead of expectations as online gaming growth drives momentum in H1
• Positive Sentiment: Australia and international markets supported growth. Australia was highlighted as a key contributor to first-half expansion, while management continues to focus on improving the group’s geographic mix and operational performance. Australia powers Entain H1 growth
• Positive Sentiment: Analyst support remains strong. Shore Capital reaffirmed its “buy” rating with a GBX 988 target, while Jefferies also maintained “buy” and set a GBX 1,000 target, indicating substantial potential upside in their estimates. Broker ratings
• Neutral Sentiment: Entain is doubling down on its exit from Central and Eastern Europe. The strategic withdrawal could simplify the business and improve focus, although it may reduce near-term revenue breadth. Latin American trading was also mixed, with Brazil remaining an important but challenging market. Q2 LatAm round-up
• Negative Sentiment: UK tax increases threaten future profits. Entain warned that new gambling taxes will have a “massive impact,” with the tax burden eating into profit despite strong event-driven betting volumes. This remains the main counterweight to the positive revenue growth. Entain beats H1 expectations as UK tax hike bites into profit

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.