Shore Capital Reaffirms “Buy” Rating for Entain (LON:ENT)

Shore Capital reaffirmed their buy rating on shares of Entain (LON:ENT) in a research report sent to investors on Monday morning, MarketBeat reports.

Separately, Jefferies Financial Group reissued a buy rating and set a GBX 1,140 ($14.91) price target on shares of Entain in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of GBX 1,143.17 ($14.95).

Entain Price Performance

Shares of LON:ENT opened at GBX 714.20 ($9.34) on Monday. The company has a market capitalization of £4.57 billion, a PE ratio of -1,115.94, a PEG ratio of 0.92 and a beta of 1.19. The business has a fifty day moving average price of GBX 626.38 and a 200-day moving average price of GBX 712.59. Entain has a 1-year low of GBX 498.50 ($6.52) and a 1-year high of GBX 1,171 ($15.31). 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 company also recently disclosed a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be issued a dividend of GBX 9.30 ($0.12) per share. This is an increase from Entain’s previous dividend of $8.90. This represents a yield of 1.78%. The ex-dividend date is Thursday, August 15th. Entain’s dividend payout ratio (DPR) is presently -2,968.75%.

Insider Transactions at Entain

In related news, insider Ricky Sandler acquired 555,333 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of GBX 580 ($7.58) per share, with a total value of £3,220,931.40 ($4,212,019.62). Corporate insiders own 0.22% of the company’s stock.

Entain Company Profile

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.