Entain Plc (LON:ENT) Receives GBX 1,077.25 Average Target Price from Brokerages

Entain Plc (LON:ENT) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,077.25 ($13.54).

A number of research analysts have recently weighed in on the company. Berenberg Bank cut their price objective on Entain from GBX 1,030 ($12.94) to GBX 1,010 ($12.69) and set a “neutral” rating for the company in a research report on Thursday, November 7th. Shore Capital restated a “buy” rating on shares of Entain in a report on Monday, September 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,140 ($14.33) price objective on shares of Entain in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Entain in a research report on Wednesday, September 11th.

Entain Stock Performance

Shares of LON ENT opened at GBX 707.60 ($8.89) on Friday. The company has a market cap of £4.52 billion, a P/E ratio of -1,105.63, a P/E/G ratio of 0.92 and a beta of 1.19. Entain has a 52-week low of GBX 498.50 ($6.26) and a 52-week high of GBX 1,033.43 ($12.99). The company has a debt-to-equity ratio of 154.96, a quick ratio of 0.74 and a current ratio of 0.67. The firm’s fifty day moving average is GBX 755.35 and its two-hundred day moving average is GBX 695.78.

Insiders Place Their Bets

In related news, insider Ricky Sandler sold 4,334,882 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 806 ($10.13), for a total value of £34,939,148.92 ($43,909,952.14). 0.26% of the stock is currently owned by insiders.

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.