Flutter Entertainment (LON:FLTR) Trading Down 7.9% – Time to Sell?

by · The Cerbat Gem

Shares of Flutter Entertainment plc (LON:FLTR – Get Free Report) dropped 7.9% during mid-day trading on Friday . The stock traded as low as GBX 9,050 and last traded at GBX 9,665.40. Approximately 219,305 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 430,762 shares. The stock had previously closed at £104.95.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FLTR shares. Deutsche Bank Aktiengesellschaft lowered their price target on Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a report on Friday, January 23rd. Citigroup cut their price target on Flutter Entertainment from £254 to £244 and set a “buy” rating for the company in a research note on Friday, November 28th. JPMorgan Chase & Co. lowered their price objective on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a research note on Tuesday, December 2nd. Berenberg Bank upped their target price on shares of Flutter Entertainment from £181 to £213 and gave the company a “buy” rating in a report on Monday, January 19th. Finally, Peel Hunt reiterated a “hold” rating and set a £223 price target on shares of Flutter Entertainment in a research note on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of £224.60.

Read Our Latest Report on FLTR

Flutter Entertainment Stock Down 7.9%

The company has a debt-to-equity ratio of 73.74, a quick ratio of 0.70 and a current ratio of 0.90. The company’s 50-day moving average price is £145.54 and its 200 day moving average price is £177.13. The stock has a market capitalization of £16.94 billion, a P/E ratio of -76.11, a P/E/G ratio of 1.76 and a beta of 1.24.

Flutter Entertainment Company Profile

(Get Free Report)

Flutter Entertainment is the world’s largest online sports betting and gaming operator with a portfolio of globally recognised brands.

Further Reading