Flutter Entertainment (LON:FLTR) Hits New 52-Week High – Still a Buy?

Shares of Flutter Entertainment plc (LON:FLTR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as £212.10 ($267.03) and last traded at £210.40 ($264.89), with a volume of 96101 shares. The stock had previously closed at £210 ($264.38).

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Berenberg Bank increased their price objective on Flutter Entertainment from £188 ($236.69) to £203 ($255.57) and gave the company a “buy” rating in a research report on Thursday, October 24th. Shore Capital reaffirmed a “hold” rating on shares of Flutter Entertainment in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Flutter Entertainment has an average rating of “Moderate Buy” and an average price target of £201.47 ($253.65).

Flutter Entertainment Stock Performance

The business has a 50 day moving average price of £182.45 and a two-hundred day moving average price of £164.06. The company has a debt-to-equity ratio of 64.90, a quick ratio of 0.70 and a current ratio of 0.90. The company has a market cap of £38.11 billion, a P/E ratio of -3,765.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.