Entain (LON:ENT) Stock Price Down 7.4% – Here’s Why

Entain Plc (LON:ENT) shares were down 7.4% during trading on Friday . The company traded as low as GBX 499.80 ($6.44) 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).

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,140 ($14.70) price objective on shares of Entain in a research report on Monday, December 16th. Berenberg Bank lifted their price target on shares of Entain from GBX 1,035 ($13.35) to GBX 1,100 ($14.18) and gave the stock a “buy” rating in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,109.67 ($14.31).

Entain Price Performance

The company has a 50 day moving average of GBX 685.19 and a 200 day moving average of GBX 716.49. 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 stock has a market capitalization of £3.25 billion, a price-to-earnings ratio of -6.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

About Entain

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.