Flutter Entertainment (LON:FLTR) Trading Down 11.1% – What’s Next?

Shares of Flutter Entertainment plc (LON:FLTRGet Free Report) traded down 11.1% during mid-day trading on Friday . The stock traded as low as GBX 7,838 and last traded at GBX 8,064. 1,119,062 shares traded hands during mid-day trading, an increase of 199% from the average session volume of 373,732 shares. The stock had previously closed at GBX 9,072.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Flutter Entertainment

Flutter Entertainment Stock Down 15.0%

The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 73.74. The company has a fifty day simple moving average of £129.45 and a 200-day simple moving average of £166.51. The firm has a market cap of £13.52 billion, a P/E ratio of -60.73, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

About Flutter Entertainment

(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

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