Entain Plc (LON:ENT) Given Average Rating of “Moderate Buy” by Brokerages

Entain Plc (LON:ENT) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,143.17 ($14.36).

Several research firms have issued reports on ENT. Barclays lowered Entain to an “equal weight” rating and dropped their price target for the stock from GBX 1,120 ($14.07) to GBX 1,070 ($13.44) in a research note on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,089 ($13.68) price target on shares of Entain in a research note on Thursday, April 18th. Shore Capital reaffirmed a “buy” rating on shares of Entain in a report on Wednesday, April 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,140 ($14.32) target price on shares of Entain in a report on Friday, April 12th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,140 ($14.32) target price on shares of Entain in a report on Wednesday, April 17th.

Insider Activity

In other news, insider Ricky Sandler sold 924,505 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of GBX 784 ($9.85), for a total value of £7,248,119.20 ($9,104,533.60). In other news, insider Ricky Sandler sold 924,505 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of GBX 784 ($9.85), for a total value of £7,248,119.20 ($9,104,533.60). Also, insider Stella David acquired 65,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was acquired at an average price of GBX 736 ($9.25) per share, with a total value of £478,400 ($600,929.53). Company insiders own 0.19% of the company’s stock.

Entain Stock Performance

Shares of Entain stock opened at GBX 785.40 ($9.87) on Friday. The stock’s fifty day moving average price is GBX 811.66 and its 200-day moving average price is GBX 886.86. Entain has a 12 month low of GBX 718.20 ($9.02) and a 12 month high of GBX 1,516.50 ($19.05). The company has a current ratio of 0.56, a quick ratio of 0.74 and a debt-to-equity ratio of 134.33. The firm has a market cap of £5.02 billion, a P/E ratio of -557.02, a P/E/G ratio of 0.92 and a beta of 1.29.

Entain Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 14th were issued a GBX 8.90 ($0.11) dividend. This represents a yield of 1.07%. The ex-dividend date was Thursday, March 14th. Entain’s payout ratio is presently -1,276.60%.

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.