Brokerages Set Entain Plc (LON:ENT) Target Price at GBX 1,029.80

Entain Plc (LON:ENT - Get Free Report) has been given an average recommendation of "Hold" by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,029.80 ($13.37).

ENT has been the subject of several recent research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Entain in a research report on Wednesday, September 11th. Berenberg Bank upped their price objective on Entain from GBX 1,020 ($13.24) to GBX 1,030 ($13.37) and gave the stock a "buy" rating in a research report on Tuesday, September 17th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Entain in a research report on Monday, September 9th.

Entain Trading Down 1.6 %

Shares of Entain stock traded down GBX 11.80 ($0.15) during trading hours on Friday, hitting GBX 715.40 ($9.29). The company's stock had a trading volume of 797,750 shares, compared to its average volume of 3,593,382. Entain has a 12 month low of GBX 498.50 ($6.47) and a 12 month high of GBX 1,034 ($13.43). The stock has a 50 day moving average of GBX 706.99 and a 200 day moving average of GBX 697.90. The company has a market capitalization of £4.57 billion, a PE ratio of -1,117.81, 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 Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 15th were given a dividend of GBX 9.30 ($0.12) per share. The ex-dividend date was Thursday, August 15th. This is a boost from Entain's previous dividend of $8.90. This represents a yield of 1.78%. Entain's dividend payout ratio is -2,968.75%.

Insider Activity at Entain

In related news, insider Ricky Sandler purchased 555,333 shares of Entain stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of GBX 580 ($7.53) per share, with a total value of £3,220,931.40 ($4,181,941.57). In other Entain news, insider Ricky Sandler acquired 555,333 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of GBX 580 ($7.53) per share, for a total transaction of £3,220,931.40 ($4,181,941.57). Also, insider Amanda Brown acquired 10,000 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of GBX 741 ($9.62) per share, for a total transaction of £74,100 ($96,208.78). 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.