Entain (LON:ENT) Hits New 1-Year High - What's Next?

Entain Plc (LON:ENT - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 977.20 ($13.28) and last traded at GBX 974.20 ($13.24), with a volume of 4942021 shares. The stock had previously closed at GBX 959 ($13.03).

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ENT. JPMorgan Chase & Co. lifted their price target on shares of Entain from GBX 940 ($12.77) to GBX 1,040 ($14.13) and gave the stock a "neutral" rating in a report on Thursday, July 10th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,100 ($14.95) price target on shares of Entain in a report on Monday, June 30th. Citigroup lifted their price target on shares of Entain from GBX 1,250 ($16.98) to GBX 1,300 ($17.66) and gave the stock a "buy" rating in a report on Thursday. Finally, Shore Capital restated a "buy" rating on shares of Entain in a report on Tuesday, April 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Entain currently has an average rating of "Moderate Buy" and an average price target of GBX 1,145 ($15.56).

Entain Trading Down 0.8%

The business's fifty day moving average is GBX 840.09 and its 200-day moving average is GBX 720.70. The stock has a market capitalization of £6.31 billion, a PE ratio of -13.40, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 188.61.

Insider Activity at Entain

In other news, insider Ricky Sandler sold 3,242,667 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of GBX 751 ($10.20), for a total transaction of £24,352,429.17 ($33,087,539.63). Insiders have sold 6,510,311 shares of company stock worth $4,969,720,109 over the last 90 days. 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.