Entain (LON:ENT) Stock Price Down 2.9%

Entain Plc (LON:ENT)’s share price traded down 2.9% during mid-day trading on Wednesday . The company traded as low as GBX 605.60 ($7.96) and last traded at GBX 616 ($8.10). 1,176,784 shares were traded during mid-day trading, a decline of 56% from the average session volume of 2,675,423 shares. The stock had previously closed at GBX 634.20 ($8.34).

Analysts Set New Price Targets

ENT has been the topic of several recent research reports. Shore Capital reissued a “buy” rating on shares of Entain in a research note on Monday, August 12th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,140 ($14.99) target price on shares of Entain in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,143.17 ($15.03).

Entain Stock Performance

The firm has a fifty day moving average of GBX 621.09 and a 200-day moving average of GBX 720.61. The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 154.96. The firm has a market cap of £4.09 billion, a P/E ratio of -1,007.50, a PEG ratio of 0.92 and a beta of 1.19.

Entain Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be given a GBX 9.30 ($0.12) dividend. This represents a yield of 1.78%. The ex-dividend date is Thursday, August 15th. This is a positive change from Entain’s previous dividend of $8.90. Entain’s dividend payout ratio (DPR) is currently -2,968.75%.

Insider Buying and Selling at Entain

In other Entain news, insider Ricky Sandler bought 555,333 shares of Entain stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of GBX 580 ($7.63) per share, for a total transaction of £3,220,931.40 ($4,235,281.26). Corporate insiders own 0.22% of the company’s stock.

Entain Company Profile

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.