Berenberg Bank Cuts Entain (LON:ENT) Price Target to GBX 1,010

Entain (LON:ENT) had its price objective decreased by equities researchers at Berenberg Bank from GBX 1,030 ($13.41) to GBX 1,010 ($13.15) in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. Berenberg Bank’s price target points to a potential upside of 35.03% from the stock’s previous close.

ENT has been the topic of several other research reports. Shore Capital reissued a “buy” rating on shares of Entain in a research note on Monday, September 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Entain in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 1,025.80 ($13.35).

Entain Price Performance

Shares of LON ENT traded up GBX 11 ($0.14) on Thursday, hitting GBX 748 ($9.74). The company’s stock had a trading volume of 980,971 shares, compared to its average volume of 3,497,442. The stock has a 50 day moving average of GBX 725.23 and a 200-day moving average of GBX 693.71. The company has a market capitalization of £4.78 billion, a price-to-earnings ratio of -1,168.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 154.96, a current ratio of 0.67 and a quick ratio of 0.74. Entain has a 12-month low of GBX 498.50 ($6.49) and a 12-month high of GBX 1,034 ($13.46).

Insider Buying and Selling at Entain

In other news, insider Amanda Brown acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of GBX 741 ($9.65) per share, with a total value of £74,100 ($96,459.26). In other Entain news, insider Amanda Brown purchased 10,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of GBX 741 ($9.65) per share, with a total value of £74,100 ($96,459.26). Also, insider Ricky Sandler acquired 555,333 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of GBX 580 ($7.55) per share, for a total transaction of £3,220,931.40 ($4,192,829.21). 0.26% of the stock is currently owned by insiders.

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.