Entain (LON:ENT) Stock Price Up 15.3% - Here's What Happened

Entain Plc (LON:ENT - Get Free Report) shares rose 15.3% on Monday . The company traded as high as GBX 869.80 ($11.80) and last traded at GBX 866 ($11.75). Approximately 3,262,686 shares traded hands during trading, a decline of 47% from the average daily volume of 6,158,232 shares. The stock had previously closed at GBX 751.40 ($10.20).

Analyst Ratings Changes

ENT has been the topic of a number of research reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,000 ($13.57) target price on shares of Entain in a research note on Thursday, May 1st. Shore Capital reissued a "buy" rating on shares of Entain in a research report on Tuesday, April 29th.

Entain Stock Performance

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 business has a 50-day moving average price of GBX 682.23 and a 200 day moving average price of GBX 689.75. The stock has a market capitalization of £5.47 billion, a P/E ratio of -11.61, a PEG ratio of 0.92 and a beta of 1.19.

Insider Activity at Entain

In related news, insider Ricky Sandler sold 3,242,667 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of GBX 751 ($10.19), for a total value of £24,352,429.17 ($33,047,128.74). 0.26% of the stock is currently owned by insiders.

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.

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