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

Flutter Entertainment plc (LON:FLTRGet Free Report) shares fell 7.9% during trading on Friday . The stock traded as low as GBX 9,050 and last traded at GBX 9,665.40. 9,655,099 shares traded hands during mid-day trading, an increase of 1,213% from the average session volume of 735,142 shares. The stock had previously closed at £104.95.

Analyst Ratings Changes

A number of brokerages have issued reports on FLTR. Berenberg Bank upped 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. decreased their price target on Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. Peel Hunt reaffirmed a “hold” rating and set a £223 price objective on shares of Flutter Entertainment in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Finally, Citigroup dropped their price target on shares of Flutter Entertainment from £254 to £244 and set a “buy” rating for the company in a research note on Friday, November 28th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Flutter Entertainment has an average rating of “Moderate Buy” and a consensus price target of £224.60.

Get Our Latest Research Report on Flutter Entertainment

Flutter Entertainment Stock Performance

The firm has a 50 day moving average of £145.54 and a 200-day moving average of £177.13. The company has a market cap of £16.94 billion, a P/E ratio of -76.11, a PEG ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 73.74.

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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