Entain (LON:ENT) Stock Price Up 15.3% – What’s Next?

Entain Plc (LON:ENT) shares rose 15.3% during mid-day trading on Tuesday . The company traded as high as GBX 869.80 ($11.80) and last traded at GBX 866 ($11.75). Approximately 3,262,686 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 6,158,232 shares. The stock had previously closed at GBX 751.40 ($10.20).

Analyst Upgrades and Downgrades

ENT has been the topic of a number of research analyst reports. Shore Capital reissued a “buy” rating on shares of Entain in a report on Tuesday, April 29th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,000 ($13.57) price target on shares of Entain in a research report on Thursday, May 1st.

Entain Stock Down 1.5%

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 firm has a 50 day moving average price of GBX 682.23 and a 200-day moving average price of GBX 689.75. The firm has a market cap of £5.48 billion, a price-to-earnings ratio of -11.63, a P/E/G ratio of 0.92 and a beta of 1.19.

Insider Activity at Entain

In other Entain news, insider Ricky Sandler sold 1,661,500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of GBX 638 ($8.66), for a total transaction of £10,600,370 ($14,385,086.17). 0.26% of the stock is 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.