Flutter Entertainment (LON:FLTR) Trading Down 0.2% – Time to Sell?

Flutter Entertainment plc (LON:FLTR) shares were down 0.2% during trading on Tuesday . The company traded as low as GBX 7,536 and last traded at GBX 7,588. 13,319,006 shares changed hands during mid-day trading, an increase of 2,273% from the average session volume of 561,374 shares. The stock had previously closed at GBX 7,602.

Analyst Ratings Changes

A number of brokerages have weighed in on FLTR. Berenberg Bank restated a “buy” rating and set a £129 price objective on shares of Flutter Entertainment in a research note on Thursday, May 14th. JPMorgan Chase & Co. cut Flutter Entertainment to an “overweight” rating and reduced their target price for the company from £127 to £115 in a research note on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating and set a £160 price target on shares of Flutter Entertainment in a research report on Monday, July 6th. Finally, Citigroup upgraded shares of Flutter Entertainment to a “sell” rating in a research note on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of £147.50.

Flutter Entertainment Price Performance

The company has a 50 day simple moving average of GBX 7,819.74 and a 200-day simple moving average of GBX 8,329.40. The stock has a market cap of £13.16 billion, a price-to-earnings ratio of -36.13, a PEG ratio of 1.76 and a beta of 1.09. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 143.53.

Flutter Entertainment Company Profile

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