Entain (LON:ENT) Hits New 1-Year Low - Time to Sell?

Key Points

• Entain shares hit a new 52-week low, trading as low as GBX 491.22 and last changing hands at GBX 499.60 on heavy volume.
• Despite the decline, analysts remain bullish: seven analysts rate the stock a Buy, with a consensus target price of GBX 992.43—nearly double its recent trading level.
• Entain has a £3.24 billion market capitalization and operates major betting and gaming brands, including a 50/50 BetMGM joint venture; however, its reported debt-to-equity ratio is high at 497.51.

Entain Plc (LON:ENT - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 491.22 and last traded at GBX 499.60, with a volume of 8357914 shares traded. The stock had previously closed at GBX 502.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Shore Capital Group reissued a "buy" rating and issued a GBX 988 price objective on shares of Entain in a research report on Tuesday, August 11th. Berenberg Bank cut their target price on shares of Entain from GBX 1,200 to GBX 1,145 and set a "buy" rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price target on Entain from GBX 950 to GBX 914 and set a "buy" rating for the company in a report on Monday, August 17th. Jefferies Financial Group restated a "buy" rating and issued a GBX 1,000 price objective on shares of Entain in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. raised their price objective on Entain from GBX 1,025 to GBX 1,050 and gave the company an "overweight" rating in a research report on Monday, August 17th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, Entain has a consensus rating of "Buy" and an average target price of GBX 992.43.

Entain Price Performance

The company's 50-day moving average price is GBX 541.36 and its two-hundred day moving average price is GBX 555.44. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74. The company has a market capitalization of £3.24 billion, a P/E ratio of -5.59, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76.

Entain Company Profile

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. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US.

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