Entain Plc (LON:ENT) Given Average Rating of “Hold” by Brokerages

Shares of Entain Plc (LON:ENT) have earned an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,029.80 ($13.37).

ENT has been the subject of a number of recent analyst reports. Berenberg Bank boosted their price objective on Entain from GBX 1,020 ($13.24) to GBX 1,030 ($13.37) and gave the company a “buy” rating in a report on Tuesday, September 17th. Shore Capital reissued a “buy” rating on shares of Entain in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Entain in a research note on Wednesday, September 11th.

Entain Stock Down 1.6 %

Shares of LON:ENT opened at GBX 715.40 ($9.29) on Friday. The firm has a market capitalization of £4.57 billion, a PE ratio of -1,117.81, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The business has a 50 day simple moving average of GBX 706.99 and a two-hundred day simple moving average of GBX 698.77. Entain has a 1 year low of GBX 498.50 ($6.47) and a 1 year high of GBX 1,034 ($13.43). The company has a debt-to-equity ratio of 154.96, a current ratio of 0.67 and a quick ratio of 0.74.

Entain Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 15th were paid a dividend of GBX 9.30 ($0.12) per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 1.78%. This is a positive change from Entain’s previous dividend of $8.90. Entain’s dividend payout ratio (DPR) is currently -2,968.75%.

Insider Activity at Entain

In other Entain news, insider Ricky Sandler bought 555,333 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of GBX 580 ($7.53) per share, with a total value of £3,220,931.40 ($4,181,941.57). In related news, insider Amanda Brown purchased 10,000 shares of Entain stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of GBX 741 ($9.62) per share, with a total value of £74,100 ($96,208.78). Also, insider Ricky Sandler purchased 555,333 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of GBX 580 ($7.53) per share, with a total value of £3,220,931.40 ($4,181,941.57). 0.26% of the stock is currently owned by corporate 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.