Flutter Entertainment (LON:FLTR) Stock Price Down 7.9% – Here’s What Happened

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

Analysts Set New Price Targets

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

Flutter Entertainment Stock Down 7.9%

The company has a market cap of £16.94 billion, a P/E ratio of -76.11, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. 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 business’s fifty day moving average is £145.54 and its two-hundred day moving average is £177.13.

About Flutter Entertainment

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