Flutter Entertainment (LON:FLTR) Trading Down 7.9% – What’s Next?

Flutter Entertainment plc (LON:FLTR)’s share price was down 7.9% during mid-day trading on Friday . The stock traded as low as GBX 9,050 and last traded at GBX 9,665.40. Approximately 219,305 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 430,762 shares. The stock had previously closed at £104.95.

Analysts Set New Price Targets

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

Flutter Entertainment Stock Down 7.9%

The firm has a 50-day moving average price of £145.54 and a two-hundred day moving average price of £177.13. The company has a market capitalization 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.

About Flutter Entertainment

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