Entain’s (ENT) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Entain (LON:ENT) in a report issued on Monday morning, Marketbeat.com reports. The brokerage currently has a GBX 1,400 target price on the stock.

Several other research firms have also issued reports on ENT. JPMorgan Chase & Co. increased their target price on shares of Entain from GBX 1,110 to GBX 1,150 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Citigroup upped their price target on shares of Entain from GBX 1,250 to GBX 1,300 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Peel Hunt reissued a “buy” rating and issued a GBX 1,100 price objective on shares of Entain in a research note on Wednesday, October 15th. Finally, Shore Capital restated a “buy” rating on shares of Entain in a research note on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,218.

Entain Trading Up 0.8%

Shares of ENT stock opened at GBX 792.80 on Monday. Entain has a 12-month low of GBX 452.50 and a 12-month high of GBX 1,031.50. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The firm’s 50 day moving average is GBX 859.98 and its 200 day moving average is GBX 813.90. The stock has a market capitalization of £5.07 billion, a P/E ratio of -9.23, a P/E/G ratio of 0.92 and a beta of 1.19.

Insider Transactions at Entain

In related news, insider Ricky Sandler sold 1,059,998 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of GBX 872, for a total value of £9,243,182.56. 7.36% of the stock is currently owned by company insiders.

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.