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

Entain Plc (LON:ENT - Get Free Report)'s stock price shot up 15.3% during trading on Monday . The stock traded as high as GBX 869.80 ($11.80) and last traded at GBX 866 ($11.75). 3,262,686 shares were traded during mid-day trading, a decline of 47% from the average session volume of 6,158,232 shares. The stock had previously closed at GBX 751.40 ($10.20).

Analysts Set New Price Targets

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

Entain Trading Up 15.3%

The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 188.61. The firm has a market capitalization of £5.56 billion, a P/E ratio of -11.81, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The firm's 50-day simple moving average is GBX 675.30 and its 200-day simple moving average is GBX 689.17.

Insiders Place Their Bets

In other news, insider Ricky Sandler sold 3,242,667 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of GBX 751 ($10.19), for a total value of £24,352,429.17 ($33,047,128.74). Corporate 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.

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