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

Entain Plc (LON:ENT - Get Free Report)'s share price fell 11.1% on Wednesday . The company traded as low as GBX 653 ($8.22) and last traded at GBX 660 ($8.31). 7,332,096 shares were traded during mid-day trading, an increase of 228% from the average session volume of 2,234,826 shares. The stock had previously closed at GBX 742.20 ($9.34).

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENT. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,140 ($14.35) target price on shares of Entain in a research report on Monday, December 16th. Berenberg Bank decreased 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 1,079.67 ($13.59).

Entain Trading Up 6.8 %

The business's 50-day moving average price is GBX 707.02 and its 200 day moving average price is GBX 702.31. The company has a market cap of £4.78 billion, a P/E ratio of -10.15, a P/E/G 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.

Insider Activity

In other news, insider Ricky Sandler sold 4,334,882 shares of Entain stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.14), for a total value 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.