Entain (LON:ENT) Shares Up 1.3% - Still a Buy?

Key Points

• Entain Plc shares rose by 1.3%, with the stock trading at GBX 865.20 ($11.77) after reaching a high of GBX 867.80 ($11.81) during the day.
• Brokerages have issued positive ratings, with Berenberg Bank raising the price target from GBX 1,100 to GBX 1,200, contributing to a current consensus rating of "Moderate Buy".
• Insider Ricky Sandler sold over 1.6 million shares at an average price of GBX 918, representing significant insider activity within the company.

Entain Plc (LON:ENT - Get Free Report) shares shot up 1.3% during trading on Monday . The stock traded as high as GBX 867.80 ($11.76) and last traded at GBX 865.20 ($11.73). 2,451,336 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 5,337,866 shares. The stock had previously closed at GBX 853.80 ($11.57).

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ENT shares. Peel Hunt reissued a "buy" rating and set a GBX 1,100 target price on shares of Entain in a report on Tuesday, July 29th. Shore Capital reiterated a "buy" rating on shares of Entain in a research note on Tuesday, August 12th. JPMorgan Chase & Co. raised their target price on Entain from GBX 1,040 to GBX 1,110 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Berenberg Bank lifted their target price on Entain from GBX 1,200 to GBX 1,400 and gave the company a "buy" rating in a report on Monday. Finally, Citigroup increased their price target on shares of Entain from GBX 1,250 to GBX 1,300 and gave the stock a "buy" rating in a report on Thursday, July 24th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 1,210.

Entain Price Performance

The stock has a market capitalization of £5.54 billion, a PE ratio of -1,008.15, a PEG ratio of 0.92 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The business has a fifty day moving average price of GBX 920.36 and a 200-day moving average price of GBX 780.09.

Insider Activity

In related news, insider Ricky Sandler sold 1,059,998 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of GBX 872, for a total transaction of £9,243,182.56. Company insiders own 7.36% 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.