Entain (LON:ENT) Trading Up 15.3% – Here’s Why

Entain Plc (LON:ENT)’s share price rose 15.3% on Monday . The stock traded as high as GBX 866.40 ($11.74) and last traded at GBX 866.01 ($11.73). Approximately 8,275,582 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 6,202,206 shares. The stock had previously closed at GBX 751.40 ($10.18).

Analysts Set New Price Targets

A number of research firms recently commented on ENT. Shore Capital reiterated a “buy” rating on shares of Entain in a report on Tuesday, April 29th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,000 ($13.55) price target on shares of Entain in a research note on Thursday, May 1st.

Entain Stock Up 15.3%

The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The business’s fifty day moving average price is GBX 675.30 and its 200 day moving average price is GBX 689.17. The firm has a market capitalization of £5.56 billion, a price-to-earnings ratio of -11.81, a PEG ratio of 0.92 and a beta of 1.19.

Insider Buying and Selling

In other Entain news, insider Ricky Sandler sold 3,242,667 shares of the business’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.

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.