Flutter Entertainment (LON:FLTR) Shares Down 0.2% – Should You Sell?

Flutter Entertainment plc (LON:FLTR)’s stock price traded down 0.2% during trading on Wednesday . The company traded as low as £160.55 and last traded at £160.70. 20,894 shares were traded during trading, a decline of 90% from the average session volume of 213,222 shares. The stock had previously closed at £161.05.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FLTR. Citigroup reduced their price objective on Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a research report on Friday, November 28th. Berenberg Bank cut their target price on shares of Flutter Entertainment from £242 to £181 and set a “buy” rating for the company in a research note on Thursday, November 27th. JPMorgan Chase & Co. decreased their price target on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Flutter Entertainment from £237.53 to £202 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, Peel Hunt reissued a “hold” rating and set a £223 price objective on shares of Flutter Entertainment in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Flutter Entertainment currently has an average rating of “Moderate Buy” and an average price target of £220.60.

Flutter Entertainment Trading Down 0.2%

The firm has a fifty day moving average of £165.88 and a 200 day moving average of £194.34. The firm has a market capitalization of £28.15 billion, a PE ratio of -126.54, 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 quick ratio of 0.70 and a current ratio of 0.90.

Flutter Entertainment Company Profile

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