Entain (LON:ENT) Stock Price Down 10% – What’s Next?

Entain Plc (LON:ENT) shares were down 10% on Tuesday . The company traded as low as GBX 653.80 ($8.14) and last traded at GBX 668.20 ($8.32). Approximately 79,282,914 shares changed hands during trading, an increase of 1,581% from the average daily volume of 4,715,889 shares. The stock had previously closed at GBX 742.20 ($9.24).

Analysts Set New Price Targets

A number of research analysts recently weighed in on ENT shares. Jefferies Financial Group restated a “buy” rating and set a GBX 1,140 ($14.19) target price on shares of Entain in a research note on Monday, December 16th. Berenberg Bank dropped their price objective 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 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,079.67 ($13.44).

Entain Stock Performance

The business’s fifty day moving average is GBX 710.72 and its two-hundred day moving average is GBX 701.23. The stock has a market capitalization of £4.57 billion, a PE ratio of -1,116.25, a price-to-earnings-growth 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.

Insider Buying and Selling

In related news, insider Ricky Sandler sold 4,334,882 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were 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 company insiders.

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.