Entain (LON:ENT) Shares Down 7.4% - Should You Sell?

Entain Plc (LON:ENT - Get Free Report)'s share price traded down 7.4% during trading on Friday . The company traded as low as GBX 499.80 ($6.39) and last traded at GBX 506.80 ($6.48). 190,769,625 shares changed hands during trading, an increase of 2,300% from the average session volume of 7,948,208 shares. The stock had previously closed at GBX 547.40 ($6.99).

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ENT shares. Berenberg Bank boosted their price target on shares of Entain from GBX 1,035 ($13.23) to GBX 1,100 ($14.06) and gave the stock a "buy" rating in a research note on Thursday, March 13th. Jefferies Financial Group restated a "buy" rating and set a GBX 1,140 ($14.57) price objective on shares of Entain in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Entain currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,109.67 ($14.18).

Entain Trading Down 0.3 %

The company has a market cap of £3.32 billion, a PE ratio of -7.04, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The business has a 50 day simple moving average of GBX 674.43 and a two-hundred day simple moving average of GBX 711.86. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61.

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.