Flutter Entertainment (LON:FLTR) Reaches New 12-Month Low Following Analyst Downgrade

Flutter Entertainment plc (LON:FLTRGet Free Report) hit a new 52-week low during mid-day trading on Monday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from £202 to £190. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Flutter Entertainment traded as low as £127.60 and last traded at £128.45, with a volume of 96340 shares traded. The stock had previously closed at £129.90.

FLTR has been the topic of several other research reports. Citigroup lowered their price objective on shares of Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a research note on Friday, November 28th. Berenberg Bank raised their target price on shares of Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a report on Monday, January 19th. JPMorgan Chase & Co. decreased their price target 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. Finally, Peel Hunt reiterated a “hold” rating and set a £223 price objective on shares of Flutter Entertainment in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of £224.60.

Read Our Latest Analysis on Flutter Entertainment

Flutter Entertainment Stock Down 1.1%

The business’s 50 day simple moving average is £155.39 and its 200-day simple moving average is £186.78. 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 has a market cap of £22.51 billion, a price-to-earnings ratio of -101.14, a price-to-earnings-growth 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.

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