Flutter Entertainment (LON:FLTR) Hits New 52-Week Low – What’s Next?

Flutter Entertainment plc (LON:FLTR) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as £117.25 and last traded at £117.70, with a volume of 370639 shares. The stock had previously closed at £121.25.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Peel Hunt reiterated a “hold” rating and issued a £223 price target on shares of Flutter Entertainment in a report on Thursday, November 13th. JPMorgan Chase & Co. lowered their price target on Flutter Entertainment from £271 to £253 and set an “overweight” rating for the company in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft cut 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. Berenberg Bank boosted their target price on Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a report on Monday, January 19th. Finally, Citigroup dropped their target price on shares of Flutter Entertainment from £254 to £244 and set a “buy” rating for the company in a research report on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of £224.60.

Flutter Entertainment Stock Down 2.8%

The company has a market capitalization of £20.65 billion, a PE ratio of -92.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The firm has a 50-day simple moving average of £152.37 and a 200 day simple moving average of £182.76. The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70.

About Flutter Entertainment

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