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Entain plc ( (GB:ENT) ) has provided an update.
Entain plc has announced the successful pricing of €500 million in senior secured notes due 2031, with an interest rate of 4.875%. The proceeds from this offering are intended to repay part of the company’s existing euro-denominated Term Loan B credit facilities, potentially strengthening its financial position and operational flexibility.
The most recent analyst rating on (GB:ENT) stock is a Hold with a £738.00 price target. To see the full list of analyst forecasts on Entain plc stock, see the GB:ENT Stock Forecast page.
Spark’s Take on GB:ENT Stock
According to Spark, TipRanks’ AI Analyst, GB:ENT is a Neutral.
Entain plc’s overall stock score is primarily impacted by its financial performance and technical analysis. The company shows strong revenue growth and cash flow management, but significant profitability challenges and high leverage pose risks. The technical indicators suggest bearish momentum, further weighing down the score. Valuation concerns due to negative earnings also contribute to the lower score.
To see Spark’s full report on GB:ENT stock, click here.
More about Entain plc
Entain plc is a global sports betting and gaming group, known for providing a range of online and retail betting services. The company operates in the sports betting and gaming industry, focusing on delivering innovative and engaging experiences to its customers across various markets.
Average Trading Volume: 2,002,612
Technical Sentiment Signal: Sell
Current Market Cap: £4.82B
For detailed information about ENT stock, go to TipRanks’ Stock Analysis page.