Entain (LON:ENT) Rating Reiterated by Berenberg Bank

Entain (LON:ENT)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report released on Wednesday, MarketBeat.com reports. They currently have a GBX 1,140 ($14.19) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 38.32% from the stock’s current price.

ENT has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,140 ($14.19) target price on shares of Entain in a research report on Friday, April 12th. Barclays downgraded Entain to an “equal weight” rating and decreased their price objective for the company from GBX 1,120 ($13.94) to GBX 1,070 ($13.32) in a report on Tuesday, February 6th. Shore Capital reiterated a “buy” rating on shares of Entain in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,089 ($13.56) target price on shares of Entain in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Entain has an average rating of “Moderate Buy” and an average price target of GBX 1,143.17 ($14.23).

Entain Stock Up 1.2 %

Shares of LON ENT opened at GBX 824.20 ($10.26) on Wednesday. Entain has a 52-week low of GBX 718.20 ($8.94) and a 52-week high of GBX 1,516.50 ($18.88). The firm has a market capitalization of £5.26 billion, a price-to-earnings ratio of -584.54, a PEG ratio of 0.92 and a beta of 1.29. The stock has a 50 day moving average price of GBX 838.44 and a 200 day moving average price of GBX 895.19. The company has a debt-to-equity ratio of 134.33, a quick ratio of 0.74 and a current ratio of 0.56.

Insider Activity

In other news, insider Stella David acquired 65,000 shares of Entain stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of GBX 736 ($9.16) per share, for a total transaction of £478,400 ($595,543.38). Company insiders own 0.19% of the company’s stock.

About Entain

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.