Flutter Entertainment (LON:FLTR) Trading Down 3.6% – Here’s What Happened

Shares of Flutter Entertainment plc (LON:FLTR) fell 3.6% during mid-day trading on Monday . The company traded as low as GBX 6,920 and last traded at GBX 7,330.20. 148,079 shares changed hands during trading, a decline of 42% from the average session volume of 253,215 shares. The stock had previously closed at GBX 7,600.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FLTR. Deutsche Bank Aktiengesellschaft decreased their price target on Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Citigroup cut Flutter Entertainment to a “sell” rating and reduced their price objective for the stock from £158 to GBX 6,800 in a report on Thursday, April 16th. Berenberg Bank boosted their target price on Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a research report on Monday, January 19th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a £160 target price on shares of Flutter Entertainment in a report on Thursday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of £184.50.

Flutter Entertainment Trading Down 3.6%

The company has a market cap of £12.75 billion, a price-to-earnings ratio of -41.89, a PEG ratio of 1.76 and a beta of 1.15. The company has a debt-to-equity ratio of 142.42, a current ratio of 0.95 and a quick ratio of 0.70. The business’s 50-day simple moving average is GBX 7,988.77 and its 200-day simple moving average is £124.25.

Flutter Entertainment Company Profile

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