Entain Plc (LON:ENT) Given Average Rating of “Hold” by Brokerages

Shares of Entain Plc (LON:ENT) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,029.80 ($13.48).

ENT has been the subject of several research analyst reports. Berenberg Bank boosted their target price on Entain from GBX 1,020 ($13.35) to GBX 1,030 ($13.48) and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Shore Capital reissued a “buy” rating on shares of Entain in a research note on Monday, September 9th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Entain in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,140 ($14.92) target price on shares of Entain in a research note on Monday, June 24th.

Insider Activity

In other news, insider Ricky Sandler sold 369,470 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of GBX 707 ($9.25), for a total value of £2,612,152.90 ($3,418,600.84). In related news, insider Amanda Brown bought 10,000 shares of Entain stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of GBX 741 ($9.70) per share, for a total transaction of £74,100 ($96,976.84). Also, insider Ricky Sandler sold 369,470 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of GBX 707 ($9.25), for a total value of £2,612,152.90 ($3,418,600.84). 0.26% of the stock is currently owned by insiders.

Entain Stock Down 0.3 %

ENT stock opened at GBX 764.20 ($10.00) on Tuesday. The company has a market cap of £4.89 billion, a PE ratio of -1,197.81, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The business has a 50-day simple moving average of GBX 660.83 and a 200 day simple moving average of GBX 703.42. Entain has a 52 week low of GBX 498.50 ($6.52) and a 52 week high of GBX 1,034 ($13.53). The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 154.96.

Entain Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 15th were paid a GBX 9.30 ($0.12) dividend. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 1.78%. This is an increase from Entain’s previous dividend of $8.90. Entain’s dividend payout ratio is currently -2,968.75%.

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.