Entain (LON:ENT) Trading 5.3% Higher

Entain Plc (LON:ENTGet Rating)’s share price traded up 5.3% during trading on Tuesday . The stock traded as high as GBX 1,382 ($16.34) and last traded at GBX 1,365 ($16.14). 1,338,676 shares were traded during mid-day trading, a decline of 39% from the average session volume of 2,200,879 shares. The stock had previously closed at GBX 1,296 ($15.32).

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Berenberg Bank upped their price objective on Entain from GBX 1,950 ($23.06) to GBX 2,000 ($23.65) and gave the company a “buy” rating in a research note on Wednesday, August 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entain from GBX 1,871 ($22.12) to GBX 1,800 ($21.28) and set a “buy” rating on the stock in a report on Wednesday, October 12th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,050 ($24.24) target price on shares of Entain in a report on Friday, October 14th. Barclays lowered their target price on shares of Entain from GBX 1,950 ($23.06) to GBX 1,450 ($17.15) and set an “overweight” rating on the stock in a report on Wednesday, October 19th. Finally, Citigroup reissued a “buy” rating on shares of Entain in a report on Wednesday, October 12th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 2,066.67 ($24.44).

Entain Trading Up 5.3 %

The stock has a market cap of £8.04 billion and a P/E ratio of 3,791.67. The firm’s fifty day moving average price is GBX 1,215.42 and its two-hundred day moving average price is GBX 1,259.56. The company has a debt-to-equity ratio of 81.03, a current ratio of 0.81 and a quick ratio of 0.74.

Entain Company Profile

(Get Rating)

Entain PLC operates as a sports-betting and gaming company. The company provides online betting, casino, poker, and bingo services through mobile and web under the bwin; online and multi-channel betting under the Ladbrokes; street and online betting under the Coral; sports betting, casino, game, and poker under the Sportingbet; online bingo, sportsbook, casino, and poker access under the Betboo; and sports betting, poker, and casino games under the Crystalbet brands, as well as Gamebookers, a full-service sportsbook.

Further Reading

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