Entain (LON:ENT) Shares Up 15.3% - Still a Buy?

Entain Plc (LON:ENT - Get Free Report)'s stock price was up 15.3% during mid-day 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 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

Several analysts have weighed in on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,000 ($13.47) price target on shares of Entain in a report on Thursday, May 1st. Shore Capital restated a "buy" rating on shares of Entain in a research report on Tuesday, April 29th.

Entain Price Performance

The business's fifty day moving average price is GBX 701.37 and its 200-day moving average price is GBX 692.12. The company has a market capitalization of £5.44 billion, a P/E ratio of -11.55, 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.

Insider Buying and Selling at Entain

In other Entain news, insider Ricky Sandler sold 3,242,667 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of GBX 751 ($10.11), for a total transaction of £24,352,429.17 ($32,793,467.78). Company insiders own 0.26% of the company's stock.

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.