Flutter Entertainment (LON:FLTR) Trading Down 7.9% – Here’s Why

Flutter Entertainment plc (LON:FLTR)’s share price fell 7.9% on Friday . The company traded as low as GBX 9,050 and last traded at GBX 9,665.40. 219,305 shares were traded during trading, a decline of 49% from the average session volume of 430,762 shares. The stock had previously closed at £104.95.

Analysts Set New Price Targets

FLTR has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft dropped their price target on Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Berenberg Bank increased their price objective 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. dropped 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. Finally, Peel Hunt reissued a “hold” rating and issued a £223 price target on shares of Flutter Entertainment in a 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. Based on data from MarketBeat.com, Flutter Entertainment has a consensus rating of “Moderate Buy” and an average price target of £224.60.

Flutter Entertainment Trading Down 7.9%

The business has a 50-day moving average price of £145.54 and a 200-day moving average price of £177.13. 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 firm has a market capitalization of £16.94 billion, a P/E ratio of -76.11, a PEG ratio of 1.76 and a beta of 1.24.

About Flutter Entertainment

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