Entain (LON:ENT) Receives Buy Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Entain (LON:ENT) in a report published on Monday, Marketbeat Ratings reports.

A number of other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 1,089 ($13.90) price objective on shares of Entain in a research report on Thursday, April 18th. Berenberg Bank reiterated a buy rating and set a GBX 1,140 ($14.56) price objective on shares of Entain in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group reiterated a buy rating and set a GBX 1,140 ($14.56) price objective on shares of Entain in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of GBX 1,143.17 ($14.60).

Entain Price Performance

Entain stock opened at GBX 607.80 ($7.76) on Monday. The company has a quick ratio of 0.74, a current ratio of 0.56 and a debt-to-equity ratio of 134.33. Entain has a 52-week low of GBX 498.50 ($6.36) and a 52-week high of GBX 1,278 ($16.32). The company has a market cap of £3.89 billion, a price-to-earnings ratio of -431.06, a PEG ratio of 0.92 and a beta of 1.17. The firm’s fifty day moving average is GBX 633.44 and its 200 day moving average is GBX 756.62.

Entain Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 15th will be issued a GBX 9.30 ($0.12) dividend. The ex-dividend date is Thursday, August 15th. This is a boost from Entain’s previous dividend of $8.90. This represents a dividend yield of 1.78%. Entain’s dividend payout ratio is presently -1,276.60%.

Insider Transactions at Entain

In related news, insider Ricky Sandler purchased 555,333 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of GBX 580 ($7.41) per share, for a total transaction of £3,220,931.40 ($4,112,527.32). In related news, insider Ricky Sandler purchased 555,333 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of GBX 580 ($7.41) per share, for a total transaction of £3,220,931.40 ($4,112,527.32). Also, insider J M. Barry Gibson purchased 5,066 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was bought at an average price of GBX 687 ($8.77) per share, for a total transaction of £34,803.42 ($44,437.46). Company insiders own 0.22% 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.