Flutter Entertainment (LON:FLTR) Shares Down 0.2% – Here’s What Happened

Flutter Entertainment plc (LON:FLTR)’s stock price was down 0.2% during trading on Tuesday . The stock traded as low as GBX 7,536 and last traded at GBX 7,588. 13,319,006 shares were traded during trading, an increase of 2,273% from the average session volume of 561,374 shares. The stock had previously closed at GBX 7,602.

Wall Street Analysts Forecast Growth

FLTR has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and issued a £160 target price on shares of Flutter Entertainment in a research report on Monday, July 6th. JPMorgan Chase & Co. downgraded Flutter Entertainment to an “overweight” rating and reduced their price objective for the company from £127 to £115 in a research note on Thursday, May 14th. Citigroup upgraded Flutter Entertainment to a “sell” rating in a report on Monday, June 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a £129 target price on shares of Flutter Entertainment in a research note on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of £147.50.

Flutter Entertainment Trading Down 0.2%

The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 143.53. The company has a fifty day moving average price of GBX 7,744.49 and a two-hundred day moving average price of GBX 7,784.87. The firm has a market capitalization of £13.16 billion, a price-to-earnings ratio of -36.13, a PEG ratio of 1.76 and a beta of 1.09.

Flutter Entertainment Company Profile

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