Flutter Entertainment (LON:FLTR) Trading Down 0.2% – Here’s What Happened

Flutter Entertainment plc (LON:FLTR)’s share price traded down 0.2% during trading on Wednesday . The stock traded as low as £160.55 and last traded at £160.70. 20,894 shares traded hands during trading, a decline of 90% from the average session volume of 213,222 shares. The stock had previously closed at £161.05.

Analyst Ratings Changes

FLTR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a research note on Tuesday, December 2nd. Citigroup lowered 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Flutter Entertainment from £237.53 to £202 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Peel Hunt reaffirmed a “hold” rating and set a £223 target price on shares of Flutter Entertainment in a research note on Thursday, November 13th. Finally, Berenberg Bank lowered their target price on Flutter Entertainment from £242 to £181 and set a “buy” rating on the stock in a report on Thursday, November 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of £220.60.

Flutter Entertainment Trading Down 0.2%

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 capitalization of £28.15 billion, a P/E ratio of -126.54, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The firm has a 50 day moving average price of £165.36 and a two-hundred day moving average price of £194.10.

About Flutter Entertainment

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