Entain (LON:ENT) Hits New 12-Month Low at $639.00

Entain Plc (LON:ENT)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 639 ($8.11) and last traded at GBX 641 ($8.13), with a volume of 7914641 shares traded. The stock had previously closed at GBX 647.20 ($8.21).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ENT shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,140 ($14.46) price objective on shares of Entain in a research report on Monday. Shore Capital restated a “buy” rating on shares of Entain in a research report on Wednesday, April 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,140 ($14.46) price objective on shares of Entain in a research report on Wednesday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,089 ($13.81) target price on shares of Entain in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,143.17 ($14.50).

Entain Stock Performance

The company has a market capitalization of £4.06 billion, a P/E ratio of -459.01, a P/E/G ratio of 0.92 and a beta of 1.24. The company has a debt-to-equity ratio of 134.33, a quick ratio of 0.74 and a current ratio of 0.56. The business’s fifty day simple moving average is GBX 735.76 and its 200-day simple moving average is GBX 840.35.

Insider Activity

In related news, insider Ricky Sandler sold 372,417 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of GBX 785 ($9.96), for a total value of £2,923,473.45 ($3,708,579.79). In other Entain news, insider J M. Barry Gibson purchased 5,066 shares of Entain stock in a transaction that occurred on Monday, June 3rd. The shares were bought at an average price of GBX 687 ($8.71) per share, for a total transaction of £34,803.42 ($44,149.97). Also, insider Ricky Sandler sold 372,417 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of GBX 785 ($9.96), for a total transaction of £2,923,473.45 ($3,708,579.79). Company insiders own 0.20% of the company’s stock.

Entain Company Profile

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.