Insider Selling: Entain Plc (LON:ENT) Insider Sells 924,505 Shares of Stock

Entain Plc (LON:ENT) insider Ricky Sandler sold 924,505 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of GBX 784 ($9.85), for a total value of £7,248,119.20 ($9,104,533.60).

Entain Trading Down 3.7 %

LON:ENT traded down GBX 30.40 ($0.38) during trading hours on Tuesday, hitting GBX 787.80 ($9.90). The company had a trading volume of 1,475,176 shares, compared to its average volume of 2,227,723. The company has a current ratio of 0.56, a quick ratio of 0.74 and a debt-to-equity ratio of 134.33. The company has a 50-day moving average of GBX 819.23 and a 200 day moving average of GBX 889.35. The company has a market cap of £5.03 billion, a P/E ratio of -568.79, a P/E/G ratio of 0.92 and a beta of 1.29. Entain Plc has a 1 year low of GBX 718.20 ($9.02) and a 1 year high of GBX 1,516.50 ($19.05).

Entain Announces Dividend

The business also recently announced a dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 14th were issued a GBX 8.90 ($0.11) dividend. This represents a yield of 1.07%. The ex-dividend date of this dividend was Thursday, March 14th. Entain’s payout ratio is currently -1,276.60%.

Wall Street Analysts Forecast Growth

ENT has been the subject of several research analyst reports. Barclays downgraded Entain to an “equal weight” rating and reduced their target price for the stock from GBX 1,120 ($14.07) to GBX 1,070 ($13.44) in a research note on Tuesday, February 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,140 ($14.32) target price on shares of Entain in a research note on Friday, April 12th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,140 ($14.32) target price on shares of Entain in a research note on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,089 ($13.68) target price on shares of Entain in a research note on Thursday, April 18th. Finally, Shore Capital reiterated a “buy” rating on shares of Entain in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,143.17 ($14.36).

Entain Company Profile

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.