Entain (LON:ENT) Trading Down 10.3% – What’s Next?

Entain Plc (LON:ENT) shares fell 10.3% during mid-day trading on Tuesday . The stock traded as low as GBX 653.80 ($8.14) and last traded at GBX 665.82 ($8.29). 80,405,445 shares were traded during trading, an increase of 1,591% from the average session volume of 4,754,597 shares. The stock had previously closed at GBX 742.20 ($9.24).

Analysts Set New Price Targets

ENT has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,140 ($14.19) price objective on shares of Entain in a research report on Monday, December 16th. Berenberg Bank reduced their target price on shares of Entain from GBX 1,030 ($12.82) to GBX 1,010 ($12.57) and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Entain presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,079.67 ($13.44).

Entain Trading Up 2.0 %

The business has a 50 day moving average of GBX 710.72 and a 200 day moving average of GBX 701.23. The firm has a market capitalization of £4.54 billion, a price-to-earnings ratio of -1,109.06, a PEG ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 154.96, a current ratio of 0.67 and a quick ratio of 0.74.

Insiders Place Their Bets

In other news, insider Ricky Sandler sold 4,334,882 shares of Entain stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.03), for a total transaction of £34,939,148.92 ($43,489,107.44). Company insiders own 0.26% of the company’s stock.

Entain Company Profile

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino.