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

Flutter Entertainment plc (LON:FLTR)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 7,536 and last traded at GBX 7,580, with a volume of 121805 shares traded. The stock had previously closed at GBX 7,728.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Berenberg Bank lifted their target price on Flutter Entertainment from £181 to £213 and gave the company a “buy” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. lowered their price target on Flutter Entertainment from £271 to £253 and set an “overweight” rating for the company in a report on Tuesday, December 2nd. Citigroup cut their price objective on Flutter Entertainment from £244 to £158 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of £207.40.

Flutter Entertainment Stock Performance

The stock has a fifty day moving average of GBX 9,828.72 and a 200-day moving average of £147.18. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 142.42. The stock has a market capitalization of £13.30 billion, a PE ratio of -59.73, a price-to-earnings-growth ratio of 1.76 and a beta of 1.18.

Flutter Entertainment Company Profile

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