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Entain (LON:ENT) Trading Down 10% - Time to Sell?

Entain logo with Consumer Cyclical background

Entain Plc (LON:ENT - Get Free Report) traded down 10% during mid-day trading on Tuesday . The stock traded as low as GBX 653.80 ($8.22) and last traded at GBX 668.20 ($8.40). 80,156,039 shares traded hands during mid-day trading, an increase of 1,589% from the average session volume of 4,745,997 shares. The stock had previously closed at GBX 742.20 ($9.33).

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,140 ($14.33) target price on shares of Entain in a research note on Monday, December 16th. Berenberg Bank dropped their target price on shares of Entain from GBX 1,030 ($12.94) to GBX 1,010 ($12.69) and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Entain currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,079.67 ($13.57).

Get Our Latest Research Report on Entain

Entain Trading Up 6.8 %

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 stock's 50-day moving average is GBX 708.41 and its two-hundred day moving average is GBX 701.63. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74.

Insider Activity at Entain

In related news, insider Ricky Sandler sold 4,334,882 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.13), for a total transaction of £34,939,148.92 ($43,909,952.14). 0.26% of the stock is owned by insiders.

About Entain

(Get Free Report)

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.

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