Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Entain plc ( (GB:ENT) ) has shared an update.
Entain plc has successfully repriced and extended its Term Loans, which are net debt neutral and reduce annual interest costs by approximately £10 million. The refinancing actions extend the maturity profile of the Group’s debt, enhancing financial flexibility and potentially improving its market position.
The most recent analyst rating on (GB:ENT) stock is a Buy with a £1050.00 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 reflects strong growth prospects and strategic execution, particularly with BetMGM’s performance and raised guidance. However, significant challenges remain in profitability and leverage, as indicated by the negative P/E ratio and high debt levels. Technical indicators show bullish momentum, but the stock may face short-term corrections due to overbought conditions.
To see Spark’s full report on GB:ENT stock, click here.
More about Entain plc
Entain plc is a FTSE100 company and a leading global sports betting and gaming group, operating both online and in retail. It owns a diverse portfolio of brands including BetCity, bwin, Coral, and Ladbrokes, among others. The company also operates the TAB NZ brand in partnership with TAB New Zealand and has a joint venture, BetMGM, in the US. Entain is recognized for its ESG leadership and operates in over 30 regulated markets.
Average Trading Volume: 2,067,148
Technical Sentiment Signal: Buy
Current Market Cap: £6.42B
Learn more about ENT stock on TipRanks’ Stock Analysis page.