Deutsche Bank Aktiengesellschaft Cuts Entain (LON:ENT) Price Target to GBX 872

by · The Cerbat Gem

Entain (LON:ENT – Free Report) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 914 to GBX 872 in a report issued on Wednesday,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

ENT has been the topic of several other research reports. Shore Capital Group reissued a “buy” rating and set a GBX 988 target price on shares of Entain in a research report on Friday, September 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,145 price target on shares of Entain in a report on Monday, September 14th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 target price on shares of Entain in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research note on Monday, August 17th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Entain has a consensus rating of “Buy” and a consensus target price of GBX 986.43.

Get Our Latest Analysis on Entain

Entain Stock Performance

ENT stock opened at GBX 413.40 on Wednesday. Entain has a 1-year low of GBX 405.41 and a 1-year high of GBX 879.80. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The company has a market capitalization of £2.65 billion, a P/E ratio of -4.57, a PEG ratio of 0.92 and a beta of 0.76. The business has a 50-day moving average price of GBX 512.60 and a 200 day moving average price of GBX 542.30.

Insider Activity at Entain

In other news, insider Michael Snape purchased 51,815 shares of the stock in a transaction dated Friday, September 18th. The stock was acquired at an average cost of GBX 482 per share, for a total transaction of £249,748.30. 7.42% of the stock is currently owned by corporate insiders.

About Entain

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Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US.

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