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

Shares of Flutter Entertainment plc (LON:FLTRGet Free Report) traded down 7.9% on Friday . The stock traded as low as GBX 9,050 and last traded at GBX 9,665.40. 219,305 shares were traded during mid-day trading, a decline of 49% from the average session volume of 430,762 shares. The stock had previously closed at £104.95.

Wall Street Analyst Weigh In

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

Read Our Latest Report on FLTR

Flutter Entertainment Trading Down 7.9%

The stock has a fifty day simple moving average of £145.54 and a 200 day simple moving average of £177.13. 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 firm 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.

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.

Further Reading

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