Entain (LON:ENT) Stock Price Down 11.1% – What’s Next?

Entain Plc (LON:ENT)’s stock price dropped 11.1% during trading 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 mid-day 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).

Wall Street Analyst Weigh In

Several research firms have recently commented on ENT. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,140 ($14.33) target price on shares of Entain in a research note on Monday, December 16th. Berenberg Bank dropped their price objective on Entain from GBX 1,030 ($12.94) to GBX 1,010 ($12.69) and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,079.67 ($13.57).

Entain Stock Up 3.0 %

The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82. The stock has a market capitalization of £4.61 billion, a price-to-earnings ratio of -9.79, a P/E/G ratio of 0.92 and a beta of 1.19. The firm’s fifty day simple moving average is GBX 708.41 and its 200 day simple moving average is GBX 701.63.

Insider Transactions at Entain

In related news, insider Ricky Sandler sold 4,334,882 shares of the business’s stock in a transaction 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). Corporate 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.