Entain’s (ENT) “Buy” Rating Reiterated at Shore Capital Group

by · The Markets Daily

Entain (LON:ENT – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Shore Capital Group in a report released on Friday,Digital Look reports. They currently have a GBX 988 price objective on the stock. Shore Capital Group’s target price suggests a potential upside of 74.19% from the company’s current price.

ENT has been the subject of several other reports. Citigroup decreased their price objective on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 10th. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 target price on shares of Entain in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,028 price target on shares of Entain in a research report on Tuesday, June 2nd. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price objective on shares of Entain in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 price objective on shares of Entain in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Entain currently has an average rating of “Buy” and a consensus price target of GBX 1,022.29.

View Our Latest Stock Report on ENT

Entain Trading Down 0.4%

LON ENT traded down GBX 2.40 on Friday, hitting GBX 567.20. The company’s stock had a trading volume of 2,013,164 shares, compared to its average volume of 20,914,107. The firm has a market cap of £3.63 billion, a P/E ratio of -5.44, a PEG ratio of 0.92 and a beta of 0.76. The company’s 50-day simple moving average is GBX 561.93 and its 200 day simple moving average is GBX 612.49. Entain has a 52-week low of GBX 500.40 and a 52-week high of GBX 1,031.50. The company has a current ratio of 0.52, a quick ratio of 0.74 and a debt-to-equity ratio of 448.61.

About Entain

(Get Free Report)

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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