Entain (LON:ENT) Trading Down 7.4% – Should You Sell?

Shares of Entain Plc (LON:ENT) dropped 7.4% on Friday . The company traded as low as GBX 499.80 ($6.45) and last traded at GBX 506.80 ($6.54). Approximately 190,769,625 shares traded hands during trading, an increase of 2,300% from the average daily volume of 7,948,208 shares. The stock had previously closed at GBX 547.40 ($7.06).

Wall Street Analyst Weigh In

Several brokerages have recently commented on ENT. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,140 ($14.71) price objective on shares of Entain in a report on Monday, December 16th. Berenberg Bank lifted their price objective on shares of Entain from GBX 1,035 ($13.35) to GBX 1,100 ($14.19) and gave the stock a “buy” rating in a research note on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Entain currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,109.67 ($14.31).

Entain Stock Down 7.4 %

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 company has a market capitalization of £3.25 billion, a price-to-earnings ratio of -6.91, a P/E/G ratio of 0.92 and a beta of 1.19. The business’s 50-day moving average is GBX 685.19 and its 200-day moving average is GBX 716.49.

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.