Entain (LON:ENT) Hits New 1-Year High - Here's What Happened

Key Points

• Entain's share price reached a new 52-week high at GBX 1,031.50, indicating strong investor interest, with a current trading price of GBX 1,003.50.
• Analysts have varying ratings with the stock receiving four buy ratings, a hold rating, and an average price target of GBX 1,145, reflecting a consensus of “Moderate Buy” for investors.
• Insider trading activity has been notable, with a significant sale of 1,606,144 shares by insider Ricky Sandler, contributing to over $4.9 billion worth of insider sales in the last ninety days.

Entain Plc (LON:ENT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,031.50 ($13.63) and last traded at GBX 1,003.50 ($13.26), with a volume of 11440362 shares traded. The stock had previously closed at GBX 993.20 ($13.12).

Analyst Ratings Changes

ENT has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Entain from GBX 940 ($12.42) to GBX 1,040 ($13.74) and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Shore Capital reaffirmed a "buy" rating on shares of Entain in a research report on Tuesday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,100 ($14.53) price objective on shares of Entain in a research report on Monday, June 30th. Peel Hunt reaffirmed a "buy" rating and set a GBX 1,100 ($14.53) price objective on shares of Entain in a report on Tuesday. Finally, Citigroup upped their target price on Entain from GBX 1,250 ($16.51) to GBX 1,300 ($17.17) and gave the stock a "buy" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,136 ($15.01).

Entain Trading Down 2.1%

The business has a 50 day simple moving average of GBX 869.12 and a 200-day simple moving average of GBX 734.61. The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82. The stock has a market capitalization of £6.42 billion, a P/E ratio of -13.64, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

Insider Transactions at Entain

In other news, insider Ricky Sandler sold 3,242,667 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of GBX 751 ($9.92), for a total transaction of £24,352,429.17 ($32,169,655.44). Insiders own 0.26% of the company's stock.

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.