Deutsche Bank Aktiengesellschaft Cuts Entain (LON:ENT) Price Target to GBX 950

by · The Cerbat Gem

Entain (LON:ENT – Free Report) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 1,028 to GBX 950 in a research note issued to investors on Wednesday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on ENT. Peel Hunt reiterated a “buy” rating and issued a GBX 750 price target on shares of Entain in a report on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price objective on Entain from GBX 1,040 to GBX 1,025 and set an “overweight” rating for the company in a report on Friday, July 3rd. Shore Capital Group restated a “buy” rating and set a GBX 988 target price on shares of Entain in a research report on Friday, June 26th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,200 target price on shares of Entain in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,000 target price on shares of Entain in a research note on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Entain presently has an average rating of “Buy” and an average price target of GBX 994.

Get Our Latest Analysis on ENT

Entain Trading Down 2.1%

ENT stock opened at GBX 538.80 on Wednesday. The company has a market cap of £3.45 billion, a P/E ratio of -5.17, a PEG ratio of 0.92 and a beta of 0.77. Entain has a twelve month low of GBX 500.40 and a twelve month high of GBX 1,031. The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. The business has a fifty day moving average of GBX 557.79 and a 200-day moving average of GBX 576.70.

Entain Company Profile

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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.

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