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Entain plc ( (GB:ENT) ) has issued an update.
Entain plc announced that Eminence Capital, LP conducted a portfolio rebalancing transaction involving the simultaneous sale and purchase of 1,606,144 ordinary shares of Entain at 917.80 pence per share. This transaction did not alter the aggregate holding of the funds managed by Eminence Capital, LP, indicating a strategic adjustment rather than a change in investment stance. The announcement is part of regulatory compliance and does not impact Entain’s market position or operations.
The most recent analyst rating on (GB:ENT) stock is a Buy with a £8.00 price target. To see the full list of analyst forecasts on Entain plc stock, see the GB:ENT Stock Forecast page.
Spark’s Take on GB:ENT Stock
According to Spark, TipRanks’ AI Analyst, GB:ENT is a Neutral.
Entain’s strong market momentum and strategic corporate developments significantly boost its stock score. However, challenges in profitability and valuation weigh down the overall score. Addressing these financial issues will be crucial for improving long-term sustainability and stock performance.
To see Spark’s full report on GB:ENT stock, click here.
More about Entain plc
Entain plc is a leading global sports betting and gaming group, operating both online and in the retail sector. It owns a wide range of established sports and gaming brands, including BetCity, bwin, Coral, and Ladbrokes, among others. The company operates in over 30 territories, focusing on domestically regulated markets, and has a significant presence in the US through its joint venture, BetMGM. Entain is recognized for its commitment to ESG standards and is a member of FTSE4Good and the DJSI.
Average Trading Volume: 2,597,969
Technical Sentiment Signal: Buy
Current Market Cap: £5.87B
Learn more about ENT stock on TipRanks’ Stock Analysis page.