Entain Plc (LON:ENT - Get Free Report) shares rose 15.3% on Monday . The company traded as high as GBX 869.80 ($11.67) and last traded at GBX 866 ($11.62). Approximately 3,262,686 shares traded hands 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 ($10.08).
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ENT. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,000 ($13.42) target price on shares of Entain in a research report on Thursday, May 1st. Shore Capital restated a "buy" rating on shares of Entain in a research note on Tuesday, April 29th.
Check Out Our Latest Research Report on ENT
Entain Price Performance
The company's fifty day moving average is GBX 695.41 and its two-hundred day moving average is GBX 691.11. 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 firm has a market cap of £5.38 billion, a price-to-earnings ratio of -11.41, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.
Insiders Place Their Bets
In other news, insider Ricky Sandler sold 3,242,667 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of GBX 751 ($10.08), for a total transaction of £24,352,429.17 ($32,679,051.49). 0.26% of the stock is currently owned by insiders.
Entain Company Profile
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Get Free Report)
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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