Entain (LON:ENT) Shares Down 11.1% - Here's Why

Entain Plc (LON:ENT - Get Free Report) dropped 11.1% during mid-day trading on Tuesday . The company 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

ENT has been the subject of a number of analyst reports. Berenberg Bank decreased their price objective 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 report on Thursday, November 7th. Jefferies Financial Group restated a "buy" rating and set a GBX 1,140 ($14.35) price objective on shares of Entain in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,079.67 ($13.59).

Entain Stock Performance

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

Insider Buying and Selling at Entain

In other Entain 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 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.