Flutter Entertainment (LON:FLTR) Sets New 12-Month Low – Here’s What Happened

Flutter Entertainment plc (LON:FLTR) hit a new 52-week low on Wednesday . The stock traded as low as £141.70 and last traded at £151.25, with a volume of 230120 shares traded. The stock had previously closed at £147.55.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FLTR shares. Berenberg Bank cut their target price on Flutter Entertainment from £247 to £242 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Citigroup dropped their price objective on shares of Flutter Entertainment from £268 to £254 and set a “buy” rating on the stock in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Flutter Entertainment from £237.53 to £202 and set a “buy” rating on the stock in a research report on Thursday, November 13th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Flutter Entertainment in a research report on Monday, November 17th. Finally, Peel Hunt restated a “hold” rating and issued a £223 price target on shares of Flutter Entertainment in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Flutter Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of £238.40.

Flutter Entertainment Stock Up 2.5%

The firm’s fifty day moving average is £180.54 and its two-hundred day moving average is £197.70. The firm has a market cap of £26.51 billion, a price-to-earnings ratio of 73.78, a P/E/G ratio of 1.76 and a beta of 1.24. The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70.

Flutter Entertainment Company Profile

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