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

Shares of Entain Plc (LON:ENT) traded down 11.1% on Tuesday . The stock traded as low as GBX 653 ($8.07) and last traded at GBX 660 ($8.16). 7,332,096 shares were traded during mid-day trading, an increase of 228% from the average session volume of 2,234,826 shares. The stock had previously closed at GBX 742.20 ($9.17).

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ENT shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,140 ($14.09) price objective on shares of Entain in a research note on Monday, December 16th. Berenberg Bank decreased their price objective on shares of Entain from GBX 1,030 ($12.73) to GBX 1,010 ($12.48) and set a “neutral” rating for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,079.67 ($13.34).

Entain Price Performance

The stock has a market capitalization of £4.22 billion, a P/E ratio of -1,031.25, a PEG ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 154.96, a quick ratio of 0.74 and a current ratio of 0.67. The business has a fifty day simple moving average of GBX 715.82 and a 200-day simple moving average of GBX 700.87.

Insiders Place Their Bets

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

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.