Entain PLC 42.2% potential upside indicated by Jefferies

Entain PLC with ticker (LON:ENT) now has a potential upside of 42.2% according to Jefferies.



Jefferies set a target price of 1,335 GBX for the company, which when compared to the Entain PLC share price of 939 GBX at opening today (09/11/2023) indicates a potential upside of 42.2%. Trading has ranged between 860 (52 week low) and 1,597 (52 week high) with an average of 3,455,949 shares exchanging hands daily. The market capitalisation at the time of writing is £6,120,799,619.

Entain plc is an international sports-betting and gaming company operating both online and in the retail sector. The Company owns a comprehensive portfolio of brands; sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction and SuperSport; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Company also owns proprietary technology across all its core product verticals and, in addition to its business-to-consumer (B2C) operations, provides services to a number of third-party customers on a business-to-business (B2B) basis. The Company also operates Angstrom Sports (Angstrom), a provider of next generation sports modelling, forecasting and data analytics. The Company, through its 50/50 joint venture, operates BetMGM, a sports betting and iGaming in the United States. It also provides the technology and capabilities which power BetMGM as well as games and products.