Entain (LON:ENT) Reaches New 12-Month Low – Time to Sell?

Shares of Entain Plc (LON:ENTGet Free Report) reached a new 52-week low on Tuesday . The stock traded as low as GBX 491 and last traded at GBX 492.70, with a volume of 2623575 shares traded. The stock had previously closed at GBX 501.80.

Analysts Set New Price Targets

Several brokerages have issued reports on ENT. Shore Capital Group reiterated a “buy” rating and set a GBX 988 target price on shares of Entain in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Entain from GBX 950 to GBX 914 and set a “buy” rating on the stock in a research report on Monday, August 17th. JPMorgan Chase & Co. lifted their price objective on shares of Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a report on Monday, August 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,145 target price on shares of Entain in a research note on Monday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 price target on shares of Entain in a research report on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Entain has a consensus rating of “Buy” and a consensus price target of GBX 992.43.

View Our Latest Stock Analysis on ENT

Entain Trading Down 2.1%

The stock has a market capitalization of £3.14 billion, a P/E ratio of -5.43, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The stock’s fifty day moving average price is GBX 538.55 and its two-hundred day moving average price is GBX 553.49. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51.

About Entain

(Get Free Report)

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.

Further Reading

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