Flutter Entertainment (LON:FLTR) Hits New 12-Month Low – Here’s Why

Flutter Entertainment plc (LON:FLTRGet Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as £117.25 and last traded at £117.70, with a volume of 370639 shares. The stock had previously closed at £121.25.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FLTR. Deutsche Bank Aktiengesellschaft cut their price target on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Peel Hunt reiterated a “hold” rating and issued a £223 price objective on shares of Flutter Entertainment in a research report on Thursday, November 13th. Citigroup dropped their target price on shares of Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a report on Friday, November 28th. JPMorgan Chase & Co. reduced their target price on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating for the company in a research note on Tuesday, December 2nd. Finally, Berenberg Bank boosted their target price on Flutter Entertainment from £181 to £213 and gave the company a “buy” rating in a research note on Monday, January 19th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of £224.60.

Get Our Latest Analysis on Flutter Entertainment

Flutter Entertainment Stock Performance

The stock has a market capitalization of £20.16 billion, a P/E ratio of -90.55, a PEG 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. The company’s fifty day simple moving average is £151.06 and its two-hundred day simple moving average is £181.52.

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.

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