Entain (LON:ENT) Trading Up 2% – Should You Buy?

Entain Plc (LON:ENT) traded up 2% on Wednesday . The stock traded as high as GBX 758 ($9.77) and last traded at GBX 742.20 ($9.57). 1,384,540 shares traded hands during trading, a decline of 37% from the average session volume of 2,181,712 shares. The stock had previously closed at GBX 728 ($9.38).

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ENT shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,140 ($14.69) price objective on shares of Entain in a report on Monday, December 16th. Berenberg Bank decreased their price target on shares of Entain from GBX 1,030 ($13.28) to GBX 1,010 ($13.02) and set a “neutral” rating for the company in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,079.67 ($13.92).

Entain Stock Up 2.0 %

The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74. The stock has a 50 day simple moving average of GBX 700.97 and a 200-day simple moving average of GBX 719.10. The firm has a market cap of £4.77 billion, a PE ratio of -10.12, a PEG ratio of 0.92 and a beta of 1.19.

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.