Entain (LON:ENT) Shares Down 10.3% – Here’s What Happened

Entain Plc (LON:ENT)’s share price was down 10.3% during mid-day trading on Tuesday . The company traded as low as GBX 653.80 ($8.14) and last traded at GBX 665.82 ($8.29). Approximately 80,405,445 shares traded hands during trading, an increase of 1,591% from the average daily volume of 4,754,597 shares. The stock had previously closed at GBX 742.20 ($9.24).

Analyst Ratings Changes

Several equities analysts recently issued reports on ENT shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,140 ($14.19) price target 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,079.67 ($13.44).

Entain Price Performance

The stock has a fifty day moving average of GBX 710.72 and a 200-day moving average of GBX 701.23. The firm has a market capitalization of £4.54 billion, a P/E ratio of -1,109.06, a PEG ratio of 0.92 and a beta of 1.19. The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 154.96.

Insiders Place Their Bets

In other news, insider Ricky Sandler sold 4,334,882 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.03), for a total transaction of £34,939,148.92 ($43,489,107.44). Insiders own 0.26% of the company’s stock.

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.