Entain (LON:ENT) Shares Down 10.1% – Here’s What Happened

Shares of Entain Plc (LON:ENTGet Free Report) traded down 10.1% during trading on Tuesday . The stock traded as low as GBX 653.80 ($8.14) and last traded at GBX 667.36 ($8.31). 79,797,102 shares changed hands during trading, an increase of 1,586% from the average session volume of 4,733,620 shares. The stock had previously closed at GBX 742.20 ($9.24).

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ENT shares. Berenberg Bank cut their price objective 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 report on Thursday, November 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,140 ($14.19) price target on shares of Entain in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,079.67 ($13.44).

Read Our Latest Analysis on Entain

Entain Stock Performance

The firm’s 50-day simple moving average is GBX 710.72 and its two-hundred day simple moving average is GBX 701.23. The company has a market cap of £4.55 billion, a PE ratio of -1,111.56, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a current ratio of 0.67, a quick ratio of 0.74 and a debt-to-equity ratio of 154.96.

Insider Activity

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

Entain Company Profile

(Get Free Report)

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.

Further Reading

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