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

Flutter Entertainment plc (LON:FLTR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as £221.10 ($280.30) and last traded at £220.40 ($279.41), with a volume of 339849 shares. The stock had previously closed at £218.30 ($276.75).

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Shore Capital restated a “hold” rating on shares of Flutter Entertainment in a report on Tuesday, September 17th. Berenberg Bank raised their price target on shares of Flutter Entertainment from £188 ($238.34) to £203 ($257.35) and gave the company a “buy” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Flutter Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of £201.47 ($255.42).

Flutter Entertainment Price Performance

The stock has a market capitalization of £38.50 billion, a price-to-earnings ratio of -3,874.78, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 64.90. The company’s 50 day moving average is £185.29 and its 200 day moving average is £165.32.

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.