Flutter Entertainment (LON:FLTR) Trading Down 1.9% – Here’s Why

Flutter Entertainment plc (LON:FLTR)’s share price fell 1.9% during trading on Thursday . The stock traded as low as GBX 7,564 and last traded at GBX 7,742. 153,987 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 323,074 shares. The stock had previously closed at GBX 7,888.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FLTR shares. Berenberg Bank lifted their price target on Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a report on Friday, January 23rd. Citigroup dropped their target price on Flutter Entertainment from £244 to £158 and set a “buy” rating for the company in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. reduced 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of £207.40.

Flutter Entertainment Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 142.42. The company’s fifty day moving average price is GBX 9,966.10 and its 200 day moving average price is £148.60. The company has a market capitalization of £13.57 billion, a P/E ratio of -60.96, a PEG ratio of 1.76 and a beta of 1.18.

Flutter Entertainment Company Profile

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