Entain (LON:ENT) Shares Up 0.4% – Here’s What Happened

Entain Plc (LON:ENT) shares shot up 0.4% on Thursday . The stock traded as high as GBX 709.60 ($8.81) and last traded at GBX 700.60 ($8.70). 1,395,315 shares were traded during trading, a decline of 30% from the average session volume of 2,001,051 shares. The stock had previously closed at GBX 698 ($8.67).

Analyst Ratings Changes

A number of brokerages have recently issued reports on ENT. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,140 ($14.16) price objective on shares of Entain in a research note on Monday, December 16th. Berenberg Bank reduced their price objective on shares of Entain from GBX 1,030 ($12.79) to GBX 1,010 ($12.54) and set a “neutral” rating for the company in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,077.25 ($13.38).

Entain Stock Up 0.4 %

The company’s fifty day moving average price is GBX 721.53 and its 200-day moving average price is GBX 697.74. The stock has a market cap of £4.48 billion, a P/E ratio of -1,094.69, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 154.96, a quick ratio of 0.74 and a current ratio of 0.67.

Insider Transactions at Entain

In related news, insider Ricky Sandler sold 4,334,882 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.01), for a total value of £34,939,148.92 ($43,391,888.87). Company insiders own 0.26% of the company’s stock.

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.