Berenberg Bank Issues Pessimistic Forecast for Entain (LON:ENT) Stock Price

Entain (LON:ENT) had its price target decreased by research analysts at Berenberg Bank from GBX 1,030 ($13.41) to GBX 1,010 ($13.15) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 35.03% from the company’s current price.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Entain in a report on Wednesday, September 11th. Shore Capital restated a “buy” rating on shares of Entain in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Entain presently has a consensus rating of “Hold” and a consensus price target of GBX 1,025.80 ($13.35).

Entain Stock Performance

Entain stock traded up GBX 11 ($0.14) during midday trading 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. Entain has a 1-year low of GBX 498.50 ($6.49) and a 1-year high of GBX 1,034 ($13.46). The company has a 50-day moving average price of GBX 725.23 and a two-hundred day moving average price of GBX 693.71. The company has a market cap of £4.78 billion, a price-to-earnings ratio of -1,168.75, a PEG 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.

Insiders Place Their Bets

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