Entain (LON:ENT) Hits New 1-Year Low – Here’s What Happened

Entain Plc (LON:ENT) shares reached a new 52-week low during trading on Monday . The stock traded as low as GBX 519.20 and last traded at GBX 520.60, with a volume of 104518141 shares. The stock had previously closed at GBX 534.44.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ENT. Deutsche Bank Aktiengesellschaft cut their price target on Entain from GBX 1,055 to GBX 1,028 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Citigroup lowered their price objective on Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Berenberg Bank restated a “buy” rating and set a GBX 1,200 target price on shares of Entain in a research note on Monday, March 30th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 750 target price on shares of Entain in a report on Wednesday, April 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a research note on Wednesday, April 15th. Seven 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 1,028.

Entain Price Performance

The company has a market capitalization of £3.37 billion, a PE ratio of -5.05, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 448.61, a current ratio of 0.52 and a quick ratio of 0.74. The company’s 50 day simple moving average is GBX 568.23 and its 200 day simple moving average is GBX 664.65.

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. 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.