Flutter Entertainment (LON:FLTR) Shares Down 7.9% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating for the company in a research report on Friday, January 23rd. JPMorgan Chase & Co. lowered their price target 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. Berenberg Bank lifted their price objective on Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a research report on Monday, January 19th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a £223 target price on shares of Flutter Entertainment in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of £224.60.

Flutter Entertainment Stock Performance

The company’s fifty day moving average price is £145.54 and its two-hundred day moving average price is £177.13. The firm has a market capitalization of £16.94 billion, a PE 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.

Flutter Entertainment Company Profile

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