Entain (LON:ENT) Stock Price Down 10% – Here’s Why

Entain Plc (LON:ENT) fell 10% during mid-day trading on Tuesday . The company traded as low as GBX 653.80 ($8.14) and last traded at GBX 668.20 ($8.32). 80,156,039 shares traded hands during trading, an increase of 1,589% from the average session volume of 4,745,997 shares. The stock had previously closed at GBX 742.20 ($9.24).

Analysts Set New Price Targets

ENT has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,140 ($14.19) target price on shares of Entain in a report on Monday, December 16th. Berenberg Bank cut their target price on shares of Entain from GBX 1,030 ($12.82) to GBX 1,010 ($12.57) and set a “neutral” rating for the company in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,079.67 ($13.44).

Entain Trading Up 2.2 %

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 stock has a market cap of £4.55 billion, a P/E ratio of -1,111.56, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The business’s fifty day simple moving average is GBX 710.72 and its 200 day simple moving average is GBX 701.23.

Insider Buying and Selling

In related news, insider Ricky Sandler sold 4,334,882 shares of Entain 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). 0.26% of the stock is currently 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.