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

Entain logo with Consumer Cyclical background

Entain Plc (LON:ENT - Get Free Report) was up 15.3% on Monday . The stock 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 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

A number of research firms have weighed in on ENT. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,000 ($13.42) price target on shares of Entain in a research report on Thursday, May 1st. Shore Capital reissued a "buy" rating on shares of Entain in a research note on Tuesday, April 29th.

Get Our Latest Analysis on ENT

Entain Stock Down 1.6%

The firm has a market cap of £5.38 billion, a PE ratio of -11.41, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company has a 50-day simple moving average of GBX 695.41 and a 200-day simple moving average of GBX 691.11. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74.

Insider Activity at Entain

In related news, insider Ricky Sandler sold 3,242,667 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of GBX 751 ($10.08), for a total value of £24,352,429.17 ($32,679,051.49). 0.26% of the stock is owned by company insiders.

Entain Company Profile

(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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