Entain (LON:ENT) Reaches New 12-Month Low – Should You Sell?

Entain Plc (LON:ENT) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 472.40 and last traded at GBX 472.79, with a volume of 148999734 shares trading hands. The stock had previously closed at GBX 476.70.

Analyst Upgrades and Downgrades

ENT has been the topic of several recent analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 1,145 target price on shares of Entain in a report on Monday, September 14th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 988 price target on shares of Entain in a research report on Friday, September 18th. JPMorgan Chase & Co. lifted their price objective on Entain from GBX 1,025 to GBX 1,050 and gave the company an “overweight” rating in a report on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price objective on shares of Entain in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Entain from GBX 950 to GBX 914 and set a “buy” rating on the stock in a report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Entain has a consensus rating of “Buy” and a consensus price target 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 company has a 50 day moving average price of GBX 532.23 and a 200 day moving average price of GBX 550.02. The company has a market capitalization of £3.03 billion, a P/E ratio of -5.23, a P/E/G ratio of 0.92 and a beta of 0.76.

Insider Transactions at Entain

In related news, insider Michael Snape acquired 51,815 shares of Entain stock in a transaction on Friday, September 18th. The stock was purchased at an average cost of GBX 482 per share, with a total value of £249,748.30. 7.42% of the stock is owned by corporate insiders.

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.