Entain (LON:ENT) Stock Price Down 7.4% – Here’s What Happened

Entain Plc (LON:ENT)’s share price dropped 7.4% on Friday . The stock traded as low as GBX 499.80 ($6.45) and last traded at GBX 506.80 ($6.54). Approximately 190,769,625 shares traded hands during mid-day trading, an increase of 2,300% from the average daily volume of 7,948,208 shares. The stock had previously closed at GBX 547.40 ($7.06).

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ENT shares. Berenberg Bank increased their price target on Entain from GBX 1,035 ($13.35) to GBX 1,100 ($14.19) and gave the stock a “buy” rating in a research report on Thursday, March 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,140 ($14.71) target price on shares of Entain in a research note on Monday, December 16th. One equities research 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 an average rating of “Moderate Buy” and a consensus target price of GBX 1,109.67 ($14.31).

Entain Stock Performance

The stock has a market cap of £3.25 billion, a price-to-earnings ratio of -6.91, a P/E/G ratio of 0.92 and a beta of 1.19. The firm’s 50-day moving average is GBX 685.19 and its two-hundred day moving average is GBX 716.49. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61.

About Entain

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.