Flutter Entertainment (LON:FLTR) Reaches New 1-Year Low – What’s Next?

Flutter Entertainment plc (LON:FLTR)’s share price hit a new 52-week low on Monday . The company traded as low as £139.70 and last traded at £139.80, with a volume of 67568 shares. The stock had previously closed at £144.55.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup dropped their target price on shares of Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a report on Friday, November 28th. JPMorgan Chase & Co. dropped their price objective on Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a research note on Tuesday, December 2nd. Berenberg Bank cut their price objective on Flutter Entertainment from £242 to £181 and set a “buy” rating for the company in a research report on Thursday, November 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Flutter Entertainment from £237.53 to £202 and set a “buy” rating on the stock in a report on Thursday, November 13th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a £223 price target on shares of Flutter Entertainment in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of £220.60.

Flutter Entertainment Trading Down 3.3%

The firm has a market cap of £24.50 billion, a P/E ratio of -110.08, a PEG ratio of 1.76 and a beta of 1.24. The company’s 50 day moving average is £158.66 and its two-hundred day moving average is £189.31. The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70.

Flutter Entertainment Company Profile

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