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

Entain Plc (LON:ENT) shares were down 10.1% during trading on Tuesday . The stock traded as low as GBX 653.80 ($8.08) and last traded at GBX 667.36 ($8.25). Approximately 79,797,102 shares changed hands during mid-day trading, an increase of 1,586% from the average daily volume of 4,733,620 shares. The stock had previously closed at GBX 742.20 ($9.17).

Analyst Ratings Changes

ENT has been the topic of a number of analyst reports. Berenberg Bank decreased their price target on Entain from GBX 1,030 ($12.73) to GBX 1,010 ($12.48) and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,140 ($14.09) target price 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,079.67 ($13.34).

Entain Price Performance

The firm has a market cap of £4.28 billion, a PE ratio of -1,046.25, a price-to-earnings-growth 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. The company has a 50 day moving average price of GBX 715.82 and a 200 day moving average price of GBX 700.87.

Insider Buying and Selling

In other news, insider Ricky Sandler sold 4,334,882 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 806 ($9.96), for a total value of £34,939,148.92 ($43,177,396.09). 0.26% of the stock is currently owned by 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.