Entain (LON:ENT) Reaches New 12-Month Low - Should You Sell?

Key Points

• Entain shares hit a new 52-week low, falling to GBX 472.40 and trading well below their 50-day and 200-day moving averages.
• Despite the weakness, analysts remain broadly positive: all seven cited analysts rate the stock “Buy,” with a consensus price target of GBX 992.43—more than double its recent trading level.
• Entain operates a major global sports betting and gaming business, including the 50/50 BetMGM joint venture, but carries significant leverage, reflected in its debt-to-equity ratio of 497.51.

Entain Plc (LON:ENT - Get Free Report) reached a new 52-week low on Monday . The company traded as low as GBX 472.40 and last traded at GBX 472.79, with a volume of 148999734 shares trading hands. The stock had previously closed at GBX 476.70.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Berenberg Bank reissued a "buy" rating and issued a GBX 1,145 price objective on shares of Entain in a report on Monday, September 14th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,000 target price on shares of Entain in a report on Thursday, August 13th. 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 research report on Monday, August 17th. JPMorgan Chase & Co. boosted their price target on Entain from GBX 1,025 to GBX 1,050 and gave the company an "overweight" rating in a report on Monday, August 17th. Finally, Shore Capital Group restated a "buy" rating and issued a GBX 988 price objective on shares of Entain in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 992.43.

Entain Stock Performance

The firm's 50 day moving average price is GBX 535.38 and its 200-day moving average price is GBX 551.18. The company has a debt-to-equity ratio of 497.51, a quick ratio of 0.74 and a current ratio of 1.01. The firm has a market capitalization of £3.01 billion, a PE ratio of -5.21, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.