Berenberg Bank Reiterates Buy Rating for Entain (LON:ENT)

Entain (LON:ENT)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued on Monday, Digital Look reports. They currently have a GBX 1,145 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 125.93% from the stock’s current price.

Other analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their price target on Entain from GBX 950 to GBX 914 and set a “buy” rating on the stock in a research note on Monday, August 17th. Shore Capital Group reiterated a “buy” rating and set a GBX 988 price objective on shares of Entain in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their target price on Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research report on Monday, August 17th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a research note on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Entain presently has a consensus rating of “Buy” and a consensus target price of GBX 992.43.

Entain Stock Performance

Shares of ENT stock opened at GBX 506.80 on Monday. 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 company has a market capitalization of £3.24 billion, a P/E ratio of -5.60, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company’s 50 day moving average price is GBX 539.09 and its two-hundred day moving average price is GBX 553.93. Entain has a 52 week low of GBX 491.22 and a 52 week high of GBX 915.60.

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.