Entain (LON:ENT) Trading 5.3% Higher

Entain Plc (LON:ENT) shares traded up 5.3% during trading on Monday . The company traded as high as GBX 700 ($9.15) and last traded at GBX 673.20 ($8.80). 2,794,623 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 4,560,369 shares. The stock had previously closed at GBX 639.40 ($8.36).

Analysts Set New Price Targets

Several research firms have issued reports on ENT. Jefferies Financial Group restated a “buy” rating and set a GBX 1,140 ($14.91) price objective on shares of Entain in a report on Monday, June 24th. Shore Capital restated a “buy” rating on shares of Entain in a research note on Monday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Entain in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,143.17 ($14.95).

Entain Stock Up 4.1 %

The company has a debt-to-equity ratio of 154.96, a quick ratio of 0.74 and a current ratio of 0.67. The firm has a market capitalization of £4.52 billion, a P/E ratio of -1,104.06, a P/E/G ratio of 0.92 and a beta of 1.19. The stock has a fifty day moving average price of GBX 624.78 and a two-hundred day moving average price of GBX 712.58.

Entain Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be paid a dividend of GBX 9.30 ($0.12) per share. This is a positive change from Entain’s previous dividend of $8.90. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 1.78%. Entain’s payout ratio is presently -2,968.75%.

Insider Transactions at Entain

In other Entain news, insider Ricky Sandler purchased 555,333 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of GBX 580 ($7.58) per share, with a total value of £3,220,931.40 ($4,212,019.62). Insiders own 0.22% of the company’s stock.

Entain Company Profile

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.