Flutter Entertainment (LON:FLTR) Shares Down 11.1% – What’s Next?

Flutter Entertainment plc (LON:FLTR)’s stock price fell 11.1% during mid-day trading on Friday . The stock traded as low as GBX 7,838 and last traded at GBX 8,064. 1,119,062 shares were traded during mid-day trading, an increase of 199% from the average session volume of 373,732 shares. The stock had previously closed at GBX 9,072.

Analysts Set New Price Targets

FLTR has been the topic of several recent analyst reports. Citigroup dropped their price target on Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a research report on Friday, November 28th. 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. Peel Hunt reissued a “hold” rating and issued a £223 price target on shares of Flutter Entertainment in a report on Thursday, November 13th. Berenberg Bank raised their price target on shares of Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a research report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of £224.60.

Flutter Entertainment Price Performance

The stock has a market cap of £13.97 billion, a price-to-earnings ratio of -62.77, a P/E/G ratio of 1.76 and a beta of 1.24. The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70. The stock’s 50 day simple moving average is £131.23 and its two-hundred day simple moving average is £167.76.

Flutter Entertainment Company Profile

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