Entain (LON:ENT) Shares Down 11.1% - What's Next?

Entain Plc (LON:ENT - Get Free Report) shares dropped 11.1% during mid-day trading on Tuesday . The stock traded as low as GBX 653 ($8.22) and last traded at GBX 660 ($8.31). Approximately 7,332,096 shares traded hands during trading, an increase of 228% from the average daily volume of 2,234,826 shares. The stock had previously closed at GBX 742.20 ($9.34).

Analysts Set New Price Targets

A number of brokerages have recently commented on ENT. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,140 ($14.35) price target on shares of Entain in a research note on Monday, December 16th. Berenberg Bank cut their target price on shares of Entain from GBX 1,030 ($12.96) to GBX 1,010 ($12.71) and set a "neutral" rating for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,079.67 ($13.59).

Entain Stock Up 6.8 %

The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The stock has a market cap of £4.78 billion, a P/E ratio of -10.15, a PEG ratio of 0.92 and a beta of 1.19. The company's 50 day moving average price is GBX 707.02 and its two-hundred day moving average price is GBX 702.31.

Insiders Place Their Bets

In other news, insider Ricky Sandler sold 4,334,882 shares of Entain stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 806 ($10.14), for a total transaction of £34,939,148.92 ($43,976,273.03). 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.