Flutter Entertainment (LON:FLTR) Trading Down 7.9% – Time to Sell?

Flutter Entertainment plc (LON:FLTR)’s share price traded down 7.9% during trading on Friday . The stock traded as low as GBX 9,050 and last traded at GBX 9,665.40. 219,305 shares changed hands during trading, a decline of 49% from the average session volume of 430,762 shares. The stock had previously closed at £104.95.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Berenberg Bank increased their target price on shares of Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Peel Hunt reissued a “hold” rating and set a £223 price objective on shares of Flutter Entertainment in a report on Thursday, November 13th. Citigroup lowered their target price on Flutter Entertainment from £254 to £244 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, JPMorgan Chase & Co. cut their price target on Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of £224.60.

Flutter Entertainment Stock Down 7.9%

The company’s fifty day simple moving average is £145.54 and its 200-day simple moving average is £177.13. The firm has a market capitalization of £16.94 billion, a PE ratio of -76.11, a price-to-earnings-growth 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.

About Flutter Entertainment

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