Entain (LON:ENT) Stock Price Down 11.1% – Should You Sell?

Entain Plc (LON:ENT)’s share price was down 11.1% on Wednesday . The stock traded as low as GBX 653 ($8.21) and last traded at GBX 660 ($8.29). Approximately 7,332,096 shares were traded during trading, an increase of 228% from the average daily volume of 2,234,826 shares. The stock had previously closed at GBX 742.20 ($9.33).

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ENT shares. Berenberg Bank cut their price target on Entain from GBX 1,030 ($12.94) to GBX 1,010 ($12.69) and set a “neutral” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,140 ($14.33) target price on shares of Entain in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,079.67 ($13.57).

Entain Price Performance

The stock has a market capitalization of £4.55 billion, a PE ratio of -9.66, a PEG ratio of 0.92 and a beta of 1.19. The company’s 50 day simple moving average is GBX 708.41 and its 200 day simple moving average is GBX 701.63. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61.

Insider Activity

In related news, insider Ricky Sandler sold 4,334,882 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.13), for a total value of £34,939,148.92 ($43,909,952.14). 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.