Entain (LON:ENT) Trading Down 11.1% - Should You Sell?

Entain Plc (LON:ENT - Get Free Report) shares were down 11.1% 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 were traded 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).

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in 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 research report on Monday, December 16th. Berenberg Bank cut their price target on Entain from GBX 1,030 ($12.96) to GBX 1,010 ($12.71) and set a "neutral" rating on the stock in a research 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 company's stock. Based on data from MarketBeat, Entain 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 company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The company has a market capitalization of £4.78 billion, a price-to-earnings ratio of -10.15, a PEG ratio of 0.92 and a beta of 1.19. The company has a fifty day moving average of GBX 707.02 and a 200-day moving average of GBX 702.31.

Insider Buying and Selling

In other Entain news, insider Ricky Sandler sold 4,334,882 shares of the firm's 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 value of £34,939,148.92 ($43,976,273.03). 0.26% of the stock is currently owned by 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.