Entain (LON:ENT) Sets New 1-Year High – What’s Next?

Entain Plc (LON:ENT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 837.40 ($11.35) and last traded at GBX 836.20 ($11.33), with a volume of 6882340 shares traded. The stock had previously closed at GBX 751.40 ($10.18).

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ENT shares. Berenberg Bank reissued a “buy” rating and issued a GBX 1,000 ($13.55) price objective on shares of Entain in a research note on Thursday, May 1st. Shore Capital reissued a “buy” rating on shares of Entain in a research note on Tuesday, April 29th.

Entain Trading Up 11.0%

The stock’s 50 day moving average price is GBX 675.30 and its 200-day moving average price is GBX 689.17. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 188.61. The stock has a market capitalization of £5.36 billion, a PE ratio of -11.37, a PEG ratio of 0.92 and a beta of 1.19.

Insider Activity at Entain

In related news, insider Ricky Sandler sold 3,242,667 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of GBX 751 ($10.17), for a total transaction of £24,352,429.17 ($32,993,400.85). 0.26% of the stock is currently owned by corporate insiders.

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.