Entain (LON:ENT) Trading Down 2.9% – Time to Sell?

Shares of Entain Plc (LON:ENT) fell 2.9% during trading on Monday . The company traded as low as GBX 555 and last traded at GBX 567. 5,972,612 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 15,335,766 shares. The stock had previously closed at GBX 584.20.

Analyst Ratings Changes

A number of research firms have commented on ENT. Peel Hunt reiterated a “buy” rating and issued a GBX 750 price objective on shares of Entain in a report on Wednesday, April 15th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,200 price objective on shares of Entain in a report on Monday, March 30th. Shore Capital Group reiterated a “buy” rating on shares of Entain in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Entain from GBX 1,055 to GBX 1,028 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Citigroup cut their price objective on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 10th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Entain currently has a consensus rating of “Buy” and a consensus price target of GBX 1,028.

Entain Price Performance

The company has a quick ratio of 0.74, a current ratio of 0.52 and a debt-to-equity ratio of 448.61. The company has a market cap of £3.63 billion, a PE ratio of -5.44, a P/E/G ratio of 0.92 and a beta of 0.82. The stock has a 50-day simple moving average of GBX 571.34 and a 200 day simple moving average of GBX 678.17.

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.