Entain (LON:ENT) Hits New 1-Year Low – Time to Sell?

Entain Plc (LON:ENT) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 491.22 and last traded at GBX 499.60, with a volume of 8357914 shares changing hands. The stock had previously closed at GBX 502.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ENT shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price target on shares of Entain in a research report on Thursday, August 13th. Berenberg Bank lowered their price objective on Entain from GBX 1,200 to GBX 1,145 and set a “buy” rating on the stock in a research note on Friday, July 31st. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 988 price objective on shares of Entain in a report on Tuesday, August 11th. JPMorgan Chase & Co. increased their target price on Entain from GBX 1,025 to GBX 1,050 and gave the stock an “overweight” rating in a report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Entain from GBX 950 to GBX 914 and set a “buy” rating on the stock in a research report on Monday, August 17th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 992.43.

Entain Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 497.51. The firm has a market cap of £3.24 billion, a price-to-earnings ratio of -5.59, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company’s 50-day moving average is GBX 541.36 and its 200-day moving average is GBX 555.44.

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.