Entain’s (ENT) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Entain (LON:ENT) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. They currently have a GBX 1,140 ($14.43) target price on the stock.

ENT has been the topic of several other reports. Berenberg Bank reduced their target price on Entain from GBX 1,310 ($16.58) to GBX 1,140 ($14.43) and set a buy rating on the stock in a report on Friday, March 22nd. Shore Capital reissued a buy rating on shares of Entain in a research note on Thursday, March 7th. Finally, Barclays cut Entain to an equal weight rating and reduced their price objective for the stock from GBX 1,120 ($14.18) to GBX 1,070 ($13.54) in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Entain currently has an average rating of Moderate Buy and an average target price of GBX 1,232.67 ($15.60).

Entain Trading Up 1.8 %

Shares of ENT stock opened at GBX 820.80 ($10.39) on Friday. Entain has a 12-month low of GBX 718.20 ($9.09) and a 12-month high of GBX 1,516.50 ($19.19). 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 stock’s 50-day moving average price is GBX 851.52 and its 200-day moving average price is GBX 897.93. The stock has a market capitalization of £5.24 billion, a price-to-earnings ratio of -582.13, a price-to-earnings-growth ratio of 0.92 and a beta of 1.29.

Entain Announces Dividend

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

Insider Activity at Entain

In other news, insider Stella David purchased 65,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of GBX 736 ($9.32) per share, for a total transaction of £478,400 ($605,492.98). 0.19% of the stock is owned by company insiders.

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.