Entain (LON:ENT) Shares Down 10% - What's Next?

Entain Plc (LON:ENT - Get Free Report)'s share price was down 10% during mid-day trading on Tuesday . The stock traded as low as GBX 653.80 ($8.23) and last traded at GBX 668.20 ($8.41). 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 ($9.34).

Wall Street Analyst Weigh In

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

Entain Stock Up 6.8 %

The company has a market capitalization of £4.78 billion, a P/E ratio of -10.15, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82. The firm's fifty day moving average is GBX 707.02 and its 200-day moving average is GBX 702.31.

Insider Buying and Selling

In related news, insider Ricky Sandler sold 4,334,882 shares of Entain stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.14), for a total transaction of £34,939,148.92 ($43,976,273.03). 0.26% of the stock is owned by corporate insiders.

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.