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An announcement from Entain plc ( (GB:ENT) ) is now available.
Entain plc announced that Eminence Capital, LP, a person closely associated with a non-executive director of the company, conducted a portfolio rebalancing transaction involving the sale and purchase of 1,059,998 ordinary shares. These transactions were executed as cross transactions between Eminence’s funds and accounts, resulting in no change to the aggregate holding of shares managed by Eminence Capital. This announcement highlights Entain’s adherence to regulatory requirements and transparency in its financial dealings, ensuring stakeholders are informed of significant managerial transactions.
The most recent analyst rating on (GB:ENT) stock is a Buy with a £13.10 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 plc’s overall stock score is primarily influenced by its strong revenue growth and cash flow management, which are overshadowed by significant profitability issues and high leverage. The technical analysis indicates bearish momentum, and the valuation metrics suggest caution due to the negative P/E ratio. The absence of earnings call data and corporate events limits additional insights.
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. The company owns a diverse portfolio of established brands such as BetCity, bwin, Coral, and Ladbrokes in sports, and Foxy Bingo, Gala, and Partypoker in gaming. Entain is involved in a joint venture, BetMGM, a prominent player in the US sports betting and iGaming market. The company is committed to operating in regulated markets and is recognized for its leadership in ESG, being a member of FTSE4Good and DJSI.
Average Trading Volume: 1,689,451
Technical Sentiment Signal: Hold
Current Market Cap: £5.35B
For a thorough assessment of ENT stock, go to TipRanks’ Stock Analysis page.