Flutter Entertainment (LON:FLTR) Shares Up 0.6% – Still a Buy?

Shares of Flutter Entertainment plc (LON:FLTR) shot up 0.6% during mid-day trading on Wednesday . The stock traded as high as £152.45 and last traded at £150.80. 46,027 shares were traded during trading, a decline of 53% from the average session volume of 97,700 shares. The stock had previously closed at £149.85.

Analysts Set New Price Targets

FLTR has been the topic of several recent analyst reports. Citigroup decreased their price target on Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a research note on Friday, November 28th. JPMorgan Chase & Co. decreased their target price on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Flutter Entertainment from £237.53 to £202 and set a “buy” rating for the company in a research note on Thursday, November 13th. Berenberg Bank decreased their price objective on shares of Flutter Entertainment from £242 to £181 and set a “buy” rating on the stock in a report on Thursday, November 27th. Finally, Peel Hunt reaffirmed a “hold” rating and set a £223 price objective on shares of Flutter Entertainment in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of £220.60.

Flutter Entertainment Stock Up 0.6%

The business’s fifty day moving average is £159.27 and its two-hundred day moving average is £190.23. The stock has a market cap of £26.42 billion, a price-to-earnings ratio of -118.74, a PEG ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 73.74.

Flutter Entertainment Company Profile

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