Jefferies Financial Group Reaffirms “Buy” Rating for Entain (LON:ENT)

Entain (LON:ENT)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued on Monday,Digital Look reports. They currently have a GBX 1,140 ($14.39) price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 50.40% from the stock’s current price.

ENT has been the subject of several other reports. Shore Capital reiterated a “buy” rating on shares of Entain in a research report on Monday, September 9th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Entain in a report on Wednesday, September 11th. Finally, Berenberg Bank reduced their price target on shares of Entain from GBX 1,030 ($13.01) to GBX 1,010 ($12.75) and set a “neutral” rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,077.25 ($13.60).

Entain Price Performance

Shares of LON:ENT traded down GBX 57 ($0.72) during trading on Monday, hitting GBX 758 ($9.57). 5,510,251 shares of the company were exchanged, compared to its average volume of 3,281,607. The business’s 50 day moving average is GBX 758.42 and its 200-day moving average is GBX 693.66. The company has a market capitalization of £4.85 billion, a P/E ratio of -1,184.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. Entain has a 1-year low of GBX 498.50 ($6.29) and a 1-year high of GBX 1,034 ($13.06). The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 154.96.

Insider Transactions at Entain

In other Entain news, insider Ricky Sandler sold 4,334,882 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.18), for a total value of £34,939,148.92 ($44,115,087.02). Also, insider Amanda Brown purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of GBX 741 ($9.36) per share, with a total value of £74,100 ($93,560.61). 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.