Entain (LON:ENT) Trading 15.3% Higher - Should You Buy?

Entain Plc (LON:ENT - Get Free Report)'s stock price traded up 15.3% during trading on Monday . The company traded as high as GBX 869.80 ($11.80) and last traded at GBX 866 ($11.75). 3,262,686 shares traded hands 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).

Analyst Ratings Changes

Several analysts have weighed in on the stock. Shore Capital reissued a "buy" rating on shares of Entain in a research note on Tuesday, April 29th. Berenberg Bank reissued a "buy" rating and issued a GBX 1,000 ($13.57) target price on shares of Entain in a research note on Thursday, May 1st.

Entain Stock Up 15.3%

The company 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 company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The stock's fifty day moving average is GBX 675.30 and its 200 day moving average is GBX 689.17.

Insider Transactions at Entain

In related news, insider Ricky Sandler sold 3,242,667 shares of Entain 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). 0.26% of the stock is currently owned by company insiders.

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.

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