Entain (LON:ENT) Hits New 12-Month Low - Here's What Happened

Key Points

• Entain shares fell to a new 52-week low, trading as low as GBX 434.50 and last changing hands at GBX 436.15, down from the prior close of GBX 449.90.
• Despite the decline, analysts remain broadly positive: all seven tracked analysts rate the stock a Buy, with an average price target of GBX 992.43.
• Insider Michael Snape bought 51,815 shares for approximately £249,748, while company insiders collectively own 7.42% of Entain.

Shares of Entain Plc (LON:ENT - Get Free Report) hit a new 52-week low on Monday. The stock traded as low as GBX 434.50 and last traded at GBX 436.15, with a volume of 2893050 shares. The stock had previously closed at GBX 449.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ENT shares. Berenberg Bank restated a "buy" rating and issued a GBX 1,145 target price on shares of Entain in a report on Monday, September 14th. JPMorgan Chase & Co. boosted their price objective on shares of Entain from GBX 1,025 to GBX 1,050 and gave the company an "overweight" rating in a research note on Monday, August 17th. Shore Capital Group reiterated a "buy" rating and issued a GBX 988 target price on shares of Entain in a report on Friday, September 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Entain from GBX 950 to GBX 914 and set a "buy" rating for the company in a research report on Monday, August 17th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 1,000 price target on shares of Entain in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Entain has an average rating of "Buy" and an average target price of GBX 992.43.

Entain Stock Down 3.3%

The firm's 50-day moving average price is GBX 526 and its 200-day moving average price is GBX 547.41. The company has a market cap of £2.79 billion, a price-to-earnings ratio of -4.81, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 497.51, a current ratio of 1.01 and a quick ratio of 0.74.

Insiders Place Their Bets

In other Entain news, insider Michael Snape purchased 51,815 shares of the firm's stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average cost of GBX 482 per share, with a total value of £249,748.30. Company insiders own 7.42% 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. 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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