Entain (LON:ENT) Stock Price Down 10.3% – Here’s What Happened

Shares of Entain Plc (LON:ENT) fell 10.3% on Tuesday . The stock traded as low as GBX 653.80 ($8.08) and last traded at GBX 665.82 ($8.23). 80,405,445 shares were traded during mid-day trading, an increase of 1,591% from the average session volume of 4,754,597 shares. The stock had previously closed at GBX 742.20 ($9.17).

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ENT shares. Berenberg Bank dropped their target price on shares of Entain from GBX 1,030 ($12.73) to GBX 1,010 ($12.48) and set a “neutral” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,140 ($14.09) price objective on shares of Entain in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Entain currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,079.67 ($13.34).

Entain Price Performance

The firm has a market capitalization of £4.25 billion, a P/E ratio of -1,038.75, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 154.96, a current ratio of 0.67 and a quick ratio of 0.74. The stock’s fifty day simple moving average is GBX 715.82 and its 200 day simple moving average is GBX 700.87.

Insider Buying and Selling

In related news, insider Ricky Sandler sold 4,334,882 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 806 ($9.96), for a total transaction of £34,939,148.92 ($43,177,396.09). 0.26% of the stock is currently owned by company 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.