Entain (LON:ENT) Trading 15.3% Higher – Here’s What Happened

Entain Plc (LON:ENT) shares rose 15.3% during trading on Monday . The stock traded as high as GBX 869.80 ($11.80) and last traded at GBX 866 ($11.75). Approximately 3,262,686 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 6,158,232 shares. The stock had previously closed at GBX 751.40 ($10.20).

Wall Street Analysts Forecast Growth

ENT has been the topic of several research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,000 ($13.57) price objective on shares of Entain in a research report on Thursday, May 1st. Shore Capital restated a “buy” rating on shares of Entain in a research report on Tuesday, April 29th.

Entain Stock Up 15.3%

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 cap of £5.56 billion, a PE ratio of -11.81, a PEG ratio of 0.92 and a beta of 1.19. The company’s fifty day moving average is GBX 675.30 and its 200-day moving average is GBX 689.17.

Insider Buying and Selling at Entain

In other Entain news, insider Ricky Sandler sold 3,242,667 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of GBX 751 ($10.19), for a total transaction of £24,352,429.17 ($33,047,128.74). 0.26% of the stock is currently owned by corporate insiders.

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.