Berenberg Bank Forecasts Strong Price Appreciation for Entain (LON:ENT) Stock

Entain (LON:ENT) had its price objective increased by Berenberg Bank from GBX 1,035 ($13.39) to GBX 1,100 ($14.23) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,140 ($14.75) price target on shares of Entain in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,109.67 ($14.35).

Entain Trading Up 1.4 %

LON ENT opened at GBX 637.80 ($8.25) on Thursday. The stock has a market capitalization of £4.10 billion, a P/E ratio of -8.69, a P/E/G ratio of 0.92 and a beta of 1.19. Entain has a 52-week low of GBX 498.50 ($6.45) and a 52-week high of GBX 861.80 ($11.15). The firm has a 50-day moving average price of GBX 698.81 and a 200 day moving average price of GBX 720.70. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 188.61.

About Entain

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino.