Entain (LON:ENT) Price Target Cut to GBX 1,010 by Analysts at Berenberg Bank

Entain (LON:ENT) had its price target reduced by equities research analysts at Berenberg Bank from GBX 1,030 ($13.41) to GBX 1,010 ($13.15) in a research note issued on Thursday, MarketBeat.com reports. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 35.03% from the stock’s current price.

A number of other research firms have also weighed in on ENT. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Entain in a report on Wednesday, September 11th. Shore Capital reaffirmed a “buy” rating on shares of Entain in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 1,025.80 ($13.35).

Entain Stock Up 1.5 %

Shares of LON ENT opened at GBX 748 ($9.74) on Thursday. The company has a market cap of £4.78 billion, a price-to-earnings ratio of -1,168.75, a PEG ratio of 0.92 and a beta of 1.19. The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 154.96. The firm’s fifty day moving average is GBX 727.27 and its 200 day moving average is GBX 692.98. Entain has a 52 week low of GBX 498.50 ($6.49) and a 52 week high of GBX 1,034 ($13.46).

Insider Transactions at Entain

In other news, insider Amanda Brown bought 10,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were acquired at an average cost of GBX 741 ($9.65) per share, with a total value of £74,100 ($96,459.26). In related news, insider Ricky Sandler sold 369,470 shares of Entain stock in a transaction on Thursday, September 12th. The shares were sold at an average price of GBX 707 ($9.20), for a total transaction of £2,612,152.90 ($3,400,355.25). Also, insider Amanda Brown acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of GBX 741 ($9.65) per share, with a total value of £74,100 ($96,459.26). Company insiders own 0.26% of the company’s stock.

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.