Flutter Entertainment (LON:FLTR) Sets New 12-Month High – Should You Buy?

Flutter Entertainment plc (LON:FLTR) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as £18,170 ($23,621.94) and last traded at £182.45 ($237.19), with a volume of 106161 shares. The stock had previously closed at £181.55 ($236.02).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a £247 ($321.11) price objective on shares of Flutter Entertainment in a research report on Friday, March 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Flutter Entertainment has a consensus rating of “Moderate Buy” and an average target price of £212.47 ($276.23).

Flutter Entertainment Stock Performance

The firm has a market capitalization of £40.97 billion, a P/E ratio of -64.52, a P/E/G ratio of 1.76 and a beta of 1.24. The stock has a fifty day simple moving average of £210.04 and a two-hundred day simple moving average of £197.78. The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70.

Insiders Place Their Bets

In other Flutter Entertainment news, insider Rob Coldrake sold 166 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of £198.30 ($257.80), for a total value of £32,917.80 ($42,794.85). 0.08% of the stock is currently owned by corporate insiders.

About Flutter Entertainment

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