Entain (LON:ENT) Hits New 12-Month Low – Here’s Why

Entain Plc (LON:ENTGet Free Report)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 520.40 and last traded at GBX 525.60, with a volume of 15119428 shares trading hands. The stock had previously closed at GBX 534.20.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 1,200 target price on shares of Entain in a research report on Monday, March 30th. Shore Capital Group restated a “buy” rating on shares of Entain in a research note on Thursday, March 5th. Citigroup dropped their price target on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Entain from GBX 1,029 to GBX 1,055 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Entain has a consensus rating of “Buy” and an average target price of GBX 1,109.

Read Our Latest Stock Report on ENT

Entain Stock Down 1.5%

The company has a market capitalization of £3.37 billion, a PE ratio of -5.05, a PEG ratio of 0.92 and a beta of 0.82. The company has a debt-to-equity ratio of 448.61, a quick ratio of 0.74 and a current ratio of 0.52. The stock’s 50 day moving average is GBX 574.31 and its 200 day moving average is GBX 697.49.

About Entain

(Get Free Report)

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.

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