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

Entain logo with Consumer Cyclical background

Entain Plc (LON:ENT - Get Free Report)'s stock price rose 15.3% during trading on Monday . The company traded as high as GBX 869.80 ($11.78) and last traded at GBX 866 ($11.73). 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 ($10.18).

Analyst Ratings Changes

ENT has been the topic of several recent research reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,000 ($13.55) 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.

View Our Latest Stock Report on ENT

Entain Price Performance

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 has a market capitalization of £5.56 billion, a price-to-earnings ratio of -11.81, a PEG ratio of 0.92 and a beta of 1.19. The stock has a 50-day moving average price of GBX 675.30 and a 200 day moving average price of GBX 689.17.

Insider Activity

In related news, insider Ricky Sandler sold 3,242,667 shares of Entain stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of GBX 751 ($10.17), for a total value of £24,352,429.17 ($32,993,400.85). Insiders own 0.26% of the company's stock.

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.

See Also

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