Entain (LON:ENT) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Entain (LON:ENT) in a report released on Thursday, Marketbeat.com reports. The firm currently has a GBX 1,089 ($13.56) price objective on the stock.

A number of other research firms also recently issued reports on ENT. Barclays downgraded Entain to an equal weight rating and decreased their price objective for the stock from GBX 1,120 ($13.94) to GBX 1,070 ($13.32) in a report on Tuesday, February 6th. Berenberg Bank cut their target price on Entain from GBX 1,310 ($16.31) to GBX 1,140 ($14.19) and set a buy rating on the stock in a research note on Friday, March 22nd. Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,140 ($14.19) price objective on shares of Entain in a research report on Friday, April 12th. Finally, Shore Capital reaffirmed a buy rating on shares of Entain in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of GBX 1,143.17 ($14.23).

Entain Price Performance

ENT opened at GBX 820.44 ($10.21) on Thursday. The stock has a fifty day simple moving average of GBX 838.44 and a two-hundred day simple moving average of GBX 895.19. The company has a current ratio of 0.56, a quick ratio of 0.74 and a debt-to-equity ratio of 134.33. The company has a market cap of £5.24 billion, a price-to-earnings ratio of -579.29, a price-to-earnings-growth ratio of 0.92 and a beta of 1.29. Entain has a 12-month low of GBX 718.20 ($8.94) and a 12-month high of GBX 1,516.50 ($18.88).

Entain Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 14th will be given a GBX 8.90 ($0.11) dividend. The ex-dividend date is Thursday, March 14th. This represents a yield of 1.07%. Entain’s payout ratio is -1,276.60%.

Insiders Place Their Bets

In other news, insider Stella David bought 65,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of GBX 736 ($9.16) per share, with a total value of £478,400 ($595,543.38). 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.