Entain (LON:ENT) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

Entain Plc (LON:ENT) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 472.72 and traded as high as GBX 487. Entain shares last traded at GBX 473.70, with a volume of 4,062,921 shares.

Analysts Set New Price Targets

ENT has been the subject of several analyst reports. Shore Capital Group restated a “buy” rating and set a GBX 988 price target on shares of Entain in a report on Friday, September 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entain from GBX 914 to GBX 872 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price objective on shares of Entain in a research report on Wednesday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a research note on Monday, August 17th. Finally, Berenberg Bank decreased their target price on shares of Entain from GBX 1,145 to GBX 1,090 and set a “buy” rating for the company in a report on Wednesday, October 21st. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 978.57.

Entain Price Performance

The firm has a market capitalization of £2.97 billion, a P/E ratio of -5.13, a PEG ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. The firm has a 50-day moving average of GBX 472.72 and a 200-day moving average of GBX 549.93.

Insider Buying and Selling at Entain

In other Entain news, insider Michael Snape purchased 51,815 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was purchased at an average price of GBX 482 per share, for a total transaction of £249,748.30. 7.42% of the stock is owned by corporate insiders.

About Entain

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. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US.