Flutter Entertainment (LON:FLTR) Sets New 1-Year Low – Time to Sell?

Flutter Entertainment plc (LON:FLTR)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 8,940 and last traded at GBX 9,044, with a volume of 270322 shares trading hands. The stock had previously closed at GBX 9,212.

Analyst Ratings Changes

Several equities research analysts have recently commented on FLTR shares. Berenberg Bank lifted 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. JPMorgan Chase & Co. cut their price objective on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating for the company in a report on Friday, January 23rd. Citigroup cut their price target on Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, Peel Hunt restated a “hold” rating and issued a £223 price target on shares of Flutter Entertainment in a research report on Thursday, November 13th. 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, Flutter Entertainment has a consensus rating of “Moderate Buy” and an average target price of £224.60.

Flutter Entertainment Stock Down 1.9%

The firm’s 50 day moving average is £141.64 and its two-hundred day moving average is £173.60. The firm has a market cap of £15.85 billion, a P/E ratio of -71.19, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74.

Flutter Entertainment Company Profile

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