Entain (LON:ENT) Given “Buy” Rating at Shore Capital

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

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

Entain Stock Performance

LON:ENT opened at GBX 669 ($8.75) on Monday. The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 154.96. The firm has a 50-day moving average price of GBX 622.08 and a 200 day moving average price of GBX 714.26. The firm has a market capitalization of £4.28 billion, a PE ratio of -1,051.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. Entain has a 12-month low of GBX 498.50 ($6.52) and a 12-month high of GBX 1,183 ($15.47).

Entain Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be issued a GBX 9.30 ($0.12) dividend. This is a positive change 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 is currently -2,968.75%.

Insiders Place Their Bets

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