Entain (LON:ENT) Insider Purchases 51,815 Shares

Entain Plc (LON:ENT) insider Michael Snape bought 51,815 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average cost of GBX 482 per share, for a total transaction of £249,748.30.

Entain Stock Down 0.4%

Shares of LON ENT traded down GBX 1.90 during trading on Monday, hitting GBX 474.80. 150,335,453 shares of the company traded hands, compared to its average volume of 23,298,916. The firm has a market capitalization of £3.04 billion, a price-to-earnings ratio of -5.25, a P/E/G ratio of 0.92 and a beta of 0.76. The business’s fifty day moving average is GBX 535.38 and its 200 day moving average is GBX 551.18. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. Entain Plc has a fifty-two week low of GBX 459.40 and a fifty-two week high of GBX 915.60.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ENT. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a report on Thursday, August 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,145 target price on shares of Entain in a report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Entain from GBX 950 to GBX 914 and set a “buy” rating for the company in a research report on Monday, August 17th. JPMorgan Chase & Co. upped their price objective on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a report on Monday, August 17th. Finally, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 988 price objective on shares of Entain in a research note on Friday. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 992.43.

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.