Entain Plc (LON:ENT) Receives GBX 1,029.80 Average PT from Brokerages

Entain Plc (LON:ENT) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 1,029.80 ($13.77).

ENT has been the topic of several research analyst reports. Berenberg Bank raised their target price on Entain from GBX 1,020 ($13.64) to GBX 1,030 ($13.78) and gave the stock a “buy” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Entain in a research report on Wednesday, September 11th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,140 ($15.25) target price on shares of Entain in a research report on Monday, June 24th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Entain in a research note on Monday, September 9th.

Insiders Place Their Bets

In other news, insider Ricky Sandler sold 369,470 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of GBX 707 ($9.46), for a total transaction of £2,612,152.90 ($3,494,051.50). In other Entain news, insider Ricky Sandler sold 369,470 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of GBX 707 ($9.46), for a total value of £2,612,152.90 ($3,494,051.50). Also, insider Amanda Brown acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of GBX 741 ($9.91) per share, for a total transaction of £74,100 ($99,117.17). 0.26% of the stock is currently owned by insiders.

Entain Stock Performance

Shares of ENT opened at GBX 759.20 ($10.16) on Tuesday. The stock has a 50-day simple moving average of GBX 652.75 and a 200-day simple moving average of GBX 704.23. The stock has a market capitalization of £4.85 billion, a PE ratio of -1,186.25, a PEG ratio of 0.92 and a beta of 1.19. Entain has a 1 year low of GBX 498.50 ($6.67) and a 1 year high of GBX 1,034 ($13.83). The company has a debt-to-equity ratio of 154.96, a quick ratio of 0.74 and a current ratio of 0.67.

Entain Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 15th were given a dividend of GBX 9.30 ($0.12) per share. This represents a yield of 1.78%. The ex-dividend date was Thursday, August 15th. This is an increase from Entain’s previous dividend of $8.90. Entain’s dividend payout ratio is -2,968.75%.

Entain Company Profile

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.