Entain (ENT)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

1,126.00p
   
  • Change Today:
      43.00p
  • 52 Week High: 2,223.00
  • 52 Week Low: 1,075.50
  • Currency: UK Pounds
  • Shares Issued: 588.83m
  • Volume: 651,574
  • Market Cap: £6,630m
  • RiskGrade: 260

Berenberg lowers target price on Entain

By Iain Gilbert

Date: Wednesday 20 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg lowered their target price on bookmaker Entain from 2,060.0p to 1,950.0p on Wednesday, stating there was still value in the shares despite the company's "weaker" second-quarter trading performance.

Berenberg said Entain's second-quarter trading update disappointed the market, leading it to downgrade numbers to reflect lower full-year online net gaming revenue growth expectations.

However, Berenberg, which reiterated its 'buy' rating on the stock, stated it does not think that Entain's share price has "fallen too far" at current levels.

"At the current share price, the market is either materially undervaluing Entain's prospects in the US or in its non-US operations - both of which are unjustified, in our view," said the German bank.

"We value Entain using a divisional DCF model and blend in a value for the US, which gives our price target of 1,950.0p - comprising of 1,060.0p for the ex-US business and 890.0p for the US."



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Entain Market Data

Currency UK Pounds
Share Price 1,126.00p
Change Today 43.00p
% Change 3.97 %
52 Week High 2,223.00
52 Week Low 1,075.50
Volume 651,574
Shares Issued 588.83m
Market Cap £6,630m
RiskGrade 260

Entain Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.84% below the market average9.84% below the market average9.84% below the market average9.84% below the market average9.84% below the market average
79.66% below the sector average79.66% below the sector average79.66% below the sector average79.66% below the sector average79.66% below the sector average
Price Trend
78.30% above the market average78.30% above the market average78.30% above the market average78.30% above the market average78.30% above the market average
34.33% below the sector average34.33% below the sector average34.33% below the sector average34.33% below the sector average34.33% below the sector average
Income
27.46% below the market average27.46% below the market average27.46% below the market average27.46% below the market average27.46% below the market average
17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average
Growth
77.34% above the market average77.34% above the market average77.34% above the market average77.34% above the market average77.34% above the market average
15.62% above the sector average15.62% above the sector average15.62% above the sector average15.62% above the sector average15.62% above the sector average

What The Brokers Say

Strong Buy 15
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 18
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Entain Dividends

  Latest Previous
  Interim Interim
Ex-Div 18-Aug-22 22-Aug-19
Paid 22-Sep-22 26-Sep-19
Amount 8.50p 17.60p

Trades for 26-Sep-2022

Time Volume / Share Price
15:37 53 @ 1,126.00p
15:37 157 @ 1,126.00p
15:37 236 @ 1,126.00p
15:37 80 @ 1,126.00p
15:37 317 @ 1,126.00p

Entain Key Personnel

CFO Rob Wood
CEO Jette Nygaard-Andersen

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