Entain (LON:ENT) Earns “Buy” Rating from Jefferies Financial Group

Entain (LON:ENT)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research note issued to investors on Friday, Digital Look reports. They currently have a GBX 1,140 ($14.43) price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 38.89% from the company’s previous close.

Several other analysts have also recently commented on ENT. Berenberg Bank decreased their price target on shares of Entain from GBX 1,310 ($16.58) to GBX 1,140 ($14.43) and set a “buy” rating on the stock in a research note on Friday, March 22nd. Barclays cut shares of Entain to an “equal weight” rating and decreased their price target for the company from GBX 1,120 ($14.18) to GBX 1,070 ($13.54) in a research note on Tuesday, February 6th. Finally, Shore Capital reissued a “buy” rating on shares of Entain in a research note on Thursday, March 7th. 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 stock. According to MarketBeat, Entain has a consensus rating of “Moderate Buy” and an average target price of GBX 1,232.67 ($15.60).

Entain Price Performance

Entain stock traded up GBX 14.60 ($0.18) during trading hours on Friday, hitting GBX 820.80 ($10.39). 3,155,294 shares of the stock were exchanged, compared to its average volume of 2,149,025. The company has a debt-to-equity ratio of 134.33, a quick ratio of 0.74 and a current ratio of 0.56. The stock has a market capitalization of £5.24 billion, a P/E ratio of -582.13, a P/E/G ratio of 0.92 and a beta of 1.29. Entain has a 12 month low of GBX 718.20 ($9.09) and a 12 month high of GBX 1,516.50 ($19.19). The business’s 50-day moving average is GBX 855.01 and its two-hundred day moving average is GBX 899.22.

Insiders Place Their Bets

In other news, insider Stella David bought 65,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of GBX 736 ($9.32) per share, for a total transaction of £478,400 ($605,492.98). Company 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.