Entain (LON:ENT) Trading 15.3% Higher - What's Next?

Entain Plc (LON:ENT - Get Free Report) rose 15.3% during trading on Monday . The stock traded as high as GBX 869.80 ($11.71) and last traded at GBX 866 ($11.66). Approximately 3,262,686 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 6,158,232 shares. The stock had previously closed at GBX 751.40 ($10.12).

Analyst Upgrades and Downgrades

ENT has been the subject of several research analyst reports. Shore Capital reiterated a "buy" rating on shares of Entain in a report on Tuesday, April 29th. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,000 ($13.47) price objective on shares of Entain in a report on Thursday, May 1st.

Entain Price Performance

The firm has a fifty day moving average of GBX 695.41 and a 200 day moving average of GBX 691.11. The company has a market capitalization of £5.38 billion, a P/E ratio of -11.41, a P/E/G 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.

Insiders Place Their Bets

In other Entain news, insider Ricky Sandler sold 1,661,500 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of GBX 638 ($8.59), for a total value of £10,600,370 ($14,274,670.08). 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.